Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0659 GMT [Dow Jones] Shore Capital upgrades PartyGaming (PRTY.LN) to hold from sell following the announcement of its plan to merge with Bwin (BWIN.VI). This deal is highly attractive and could provide significant future earnings accretion, says Shore. However, there remains some transaction risk and the shares may drift post this announcement until completion, thus the hold rating rather than a buy, says Shore. Still, the merger is transformation not only for PartyGaming, but the industry as a whole, says Shore. Shares closed Thursday at 309.5p. (peter.nurse@dowjones.com) 0644 GMT [Dow Jones] UBS downgrades Bovis Homes Group (BVS.LN) to neutral from buy in a review of UK housebuilders's stocks. Despite consistent improvement in all key housebuilding company metrics in 2010, the sector has underperformed by 16% year-to-date, giving back all the outperformance in 2009. "We do not think that this primarily reflects risks to house prices or the impact of government austerity measures, but [it reflects] the stalling of mortgage approvals at circa 50,000 per month and the consequent risk over the timing/quantum of normalized returns," adds UBS. Bovis shares closed Thursday at 348p. (ishaq.siddiqi@dowjones.com) 0629 GMT [Dow Jones] TalkTalk's (TALK.LN) 1Q results "look fine" and broadly in line with expectations, says Evolution Securities analyst Steve Malcolm. 1Q revenue of GBP444M is GBP1 million above consensus, while broadband average revenue per user is 4p below consensus, he notes. "If there is any criticism at all, or any niggles, it is just that the mix between the B2B and the consumer business is probably a little bit more skewed towards B2B," he adds. The group has said it is on track to deliver its fiscal 2011 guidance, Malcolm says. The deal with Vodafone (VOD.LN) was "widely expected", Malcolm retains. He retains a buy rating on TalkTalk and 161p target price. Stock closed at 123p Thursday. (lilly.vitorovich@dowjones.com) Contact us in London. +44-20-7842-9288 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 30, 2010 02:59 ET (06:59 GMT)