Broker tips: Lloyds, Standard Life, Reckitt

Investec has kept its 'hold' recommendation and 50p target price for UK banking group Lloyds, saying that it unwilling to turn positive on the stock ahead of its first-quarter trading update on April 30th."Near-term, the dilutive trickle of new equity issuance continues, while the medium-term revenue/return on equity (RoE) outlook is too weak to support a price objective beyond 50p."Panmure Gordon has reiterated its 'buy' rating and 420p target price for insurance giant Standard Life ahead of the company's first-quarter trading update on April 24th."The outlook statement from Standard Life at the time of the 2012 year end results suggests that despite competitive markets demand for its products continues to grow. The shares have come off recent highs as equity markets pause for breath and we believe that this gives investors an excellent opportunity to acquire the shares."Canaccord Genuity has hiked its target price for consumer products group Reckitt Benckiser from 3,425p to 4,100p after a decent first quarter, but has kept its 'sell' rating for the stock."Overall Reckitt is performing in line with expectations in its core business and slightly better in Pharma; however, margins are guided to flat for the year and earnings progression will be limited this year and next. The risk that the company will overpay in order to accelerate its emerging market presence remains."BC