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Monday broker round-up

Mon, 09th Jul 2012 08:13

BAE Systems: Jefferies reiterates buy recommendation and 350p target.Britvic: Societe General cuts target from 450p to 400p, buy rating unchanged.Filtrona: Citigroup downgrades to neutral, target lifted from 470p to 515p.Genel Energy: Oriel Securities initiates with buy recommendation.Halfords: Citigroup cuts target from 275p to 205p, hold rating kept.Henderson: Citigroup cuts target from 125p to 106p, neutral rating kept.Hochschild Mining: Bank of America Merrill Lynch downgrades to neutral.Marshalls: Citigroup cuts target from 93p to 85p, hold rating kept.Michael Page: UBS retains neutral rating and 400p target.Mondi: Citigroup cuts target from 700p to 650p, buy recommendation unchanged.Moneysupermarket.com: JP Morgan Cazenove upgrades to overweight, target lifted from 147p to 161p.New World Resources: Bank of America Merrill Lynch downgrades to underperform.Northgate: Jefferies cuts target from 300p to 290p, buy rating kept.Pace: Exane BNP Paribas raises target from 115p to 130p, outperform rating kept.Reed Elsevier: Nomura maintains buy rating and 700p target; Citigroup ups target from 535p to 605p, neutral rating kept.Royal Bank of Scotland: Barclays Capital cuts tagged from 340p to 270p, overweight rating kept.Severn Trent: Goldman Sachs upgrades to neutral.UBM: Citigroup raises target from 610p to 660p, hold rating kept.BC

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