Broker tips: Mothercare, Savills, Dixons

Peel Hunt cuts its target price at Mothercare by 22% to 350p, from 450p, saying that it would not look to buy the shares above this price, particularly given that the baby clothes and children's toys retailer is not geared into any eventual consumer recovery.Thursday's interim management statement and guidance represents further evidence of UK consumer weakness, but "it is more a function of Early Learning Centre's (ELC) [its toy chain] position in a highly competitive toy market following the Christmas profit warning," said analyst John Stevenson.The broker downgrades forecasts for the second time in two weeks, and keeps its 'hold' rating.RBS ups its estimates for real estate advisor Savills after forecast-beating results, but keeps its cautious stance on the stock as it sees little room for the share price to outperform."The company sees the UK residential outlook for 2011 as flat-to-improving, its US and European transaction businesses as in with a chance of at least breaking even (a £6m positive swing versus our prior 2011 forecasts), and UK commercial still upturning," said the broker.However, with Asia Pacific exceeding the broker's mid-cycle view, it does not expect the group's other western transaction businesses to hit mid-cycle for another four years.RBS stays a 'hold' but increases the target price slightly to 338p, from 332p previously.UBS slashes its target price for Dixons Retail by 40%, from 23p to 14p, after the electrical retailer disappointed again with weak UK trading, higher than expected cost growth and higher debt.The broker cuts its 2011 and 2012 pre-tax profit forecasts by 20% and 35%, respectively, after the PC World and Currys owner reported a 11% decline in UK like-for-like sales in the last 11 weeks.A 'neutral' rating is retained.BC