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ShareCast News - Broker Recommendations
Broker snap: Legal & General undervalued, says Panmure Gordon
Financial services group Legal & General is currently undervalued on all valuation metrics, according to Panmure Gordon which kept its 'buy' rating for the stock following a strong first-quarter result.[2 May '13]
Broker snap: UBS hikes forecasts for Sainsbury ahead of results
Another solid increase in profits is expected from Sainsbury when it reports its full-year report on May 8th, according to UBS which lifted its estimates for the supermarket giant on Thursday.[2 May '13]
Broker snap: Investec downgrades Lloyds to 'sell'
Investec has downgraded its recommendation for Lloyds Banking Group from 'hold' to 'sell' and left its target price at 50p following the bank's first-quarter results this week.[2 May '13]
Broker tips: Antofagasta, Reed Elsevier, Cineworld
FIrst-quarter production results from copper miner Antofagasta were well-received by the market on Wednesday but Investec has kept its 'reduce' rating for the stock given a weaker commodity price environment.[1 May '13]
Broker snap: Canaccord upbeat about Cineworld despite OFT referral
Canaccord Genuity has kept its 'buy' rating and 360p target price for cinema chain Cineworld saying that the Office of Fair Trading's (OFT) referral of the Picturehouse takeover to the Competition Commission will not affect the business.[1 May '13]
Broker snap: UBS downgrades Reed Elsevier after strong run
UBS has downgraded its rating for publishing and information business Reed Elsevier from 'buy' to 'neutral' given the stock's recent outperformance.[1 May '13]
Broker snap: Investec concerned with metals prices at Antofagasta
FIrst-quarter production results from copper miner Antofagasta were well-received by the market on Wednesday but Investec has kept its 'reduce' rating for the stock given a weaker commodity price environment.[1 May '13]
Broker snap: Westhouse cuts Lonmin forecasts after furnace shutdown
Westhouse Securities has slashed its forecasts for platinum miner Lonmin and kept a 'sell' rating for the stock after the company was forced to shut down one of its furnaces in South Africa.[30 Apr '13]
Broker tips: Lloyds, BP, Invensys
Lloyds' first-quarter results were modestly ahead of consensus estimates, but Nomura has maintained its 'reduce' rating for the bank, saying that the strong share-price reaction on Tuesday morning was overdone.[30 Apr '13]
Broker snap: Societe Generale upgrades Invensys to 'buy'
Societe Generale has upgraded its recommendation for Invensys from 'hold' to 'buy', saying that the engineering and software company has an improved investment profile with substantial margin and M&A upside.[30 Apr '13]
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