ShareCast News - Broker Recommendations

Broker tips: Vodafone, Babcock, British Land

Nomura has kept its 'neutral' rating and 195p target price for telecoms giant Vodafone after the announcement of a 2.1bn-pound dividend payment from its stake in Verizon Wireless (VZW).
[14 May '13]

Broker snap: Babcock's premium rating justified after strong results, says Panmure

Panmure Gordon has reiterated its 'hold' rating for engineering support services giant Babcock, but has said that there is scope for forecast upgrades after the group's better-than-expected full-year results.
[14 May '13]

Broker snap: VZW dividend still a 'thorny issue' at Vodafone, says Nomura

Broker snap: Investec downgrades British Land after 'boring' results

Investec has moved its long-standing 'buy' rating for real estate giant British Land to 'reduce' after a 'boringly in-line' full-year result on Tuesday.
[14 May '13]

Tuesday broker round-up UPDATE

Babcock International: Jefferies increases target price from 1080p to 1250p and maintains a buy recommendation.
[14 May '13]

Broker snap: Glencore Xstrata is a 'core holding', says Tradenext

Tradenext has labelled Glencore Xstrata as a 'core holding' in the mining sector following the release of the company's maiden first-quarter production report as a newly-merged firm.
[13 May '13]

Broker snap: Investec downgrades HSBC after recent outperformance

Shares of HSBC Holdings are currently close to five-year highs and further upside is limited, according to Investec which has cut its recommendation from 'buy' to 'reduce'.
[13 May '13]

Broker tips: IAG, Rank, Lonmin

UBS has hiked its target price for airline group IAG from 285p to 310p and kept its 'buy' rating for the stock, saying that the risk to consensus estimates continues to be on the upside.
[13 May '13]

Broker snap: Lonmin still a 'sell' despite strong Q2, says Westhouse

In spite of a 'very strong' second-quarter performance from platinum miner Lonmin, Westhouse Securities has retained its 'sell' rating and 235p target price for the stock given uncertainty surrounding potential labour disruptions.
[13 May '13]

Broker snap: Rank rated 'hold' as trading slows, says Panmure

Shares in Rank Group aren't that expensive, according to Panmure Gordon, but the broker has kept its 'hold' rating and 160p target price for the stock after its third quarter was affected by poor weather.
[13 May '13]

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