Broker tips: Lloyds, Aggreko, BAE Systems

Canaccord Genuity has placed its 'neutral' rating and target price for Lloyds under review, highlighting the possibility of a dividend next year given the bank's optimistic outlook in its first-half results.The broker said that its 'neutral' recommendation had been based on the assumption that the lender would not be in the position to resume dividends until the end of 2014. "But, with the B3 fully loaded core tier-one ratio at 9.6% at H113 and earnings momentum exceeding our estimates, it now appears LLOY could be in a position to pay a 2014 interim," said analyst Gareth Hunt.Investec has retained its 'add' recommendation and 1,900p target price for temperature control and power supply company Aggreko, but admitted that it is a 'tough stock to call'."Aggreko is likely have a weaker day today in our view, especially with reduced fleet capex guidance and there is still a subdued message around the Power Projects business. Cash remains strong, however, and the Local Business continues to perform well."Jefferies has maintained its 'buy' rating and 350p target price for defence, security and aerospace firm BAE Systems, saying that the group's first-half results give it confidence in its full-year forecasts."We believe BAE's valuation has for at least two years been depressed by uncertainty about future US Defense Budgets, the possible impacts of Sequester and the protracted Typhoon VoP negotiations. We see much in the 1H13 result that should lend credibility and solidity to earnings in FY13 and FY14.BC