Broker tips: Kingfisher, Kazakhmys, Housebuilders

Panmure Gordon has reiterated its 'buy' rating and 350p target price for B&Q owner Kingfisher after a more or less in-line set of results for 2012.The broker said: "Having massaged expectations down over the last 12 months, strong cash flow should be the focus today. We are buyers on the view that the long term outlook for earnings remains good. Also, at some stage, there might be some help from the UK economy and, in the meantime, self-help opportunities should support profits and therefore the shares."Bleak times are ahead for Kazakhmys, according to Prime Markets, which recommended investors to 'sell' following the miner's poorly-received 2012 results on Tuesday.With the 50-day moving average dropping below the 100- and 200-day moving average support levels, the broker said the company is "facing a bleak few years" and that there is "little standing in the way" of the stock dropping to the 2008/2009 low of around 220p.UBS has upgraded its ratings for both Redrow and Bovis and now has 'buy' recommendations across the whole UK housebuilding sector, saying that the government's new initiatives should be beneficial for stocks.In spite of a strong sector performance as of late - housebuilders have jumped 58% over the past 12 months - UBS reckons that the 'Help to Buy' scheme announced in the Budget should "provide further upside".BC