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Tuesday broker round-up UPDATE

Tue, 25th Jun 2013 07:24

African Barrick Gold: Morgan Stanley reduces target price from 200p to 140p, while leaving its equal-weight rating unaltered. Deutsche Bank lowers target price from 153p to 137p leaving its hold recommendation unchanged.African Minerals: Deutsche Bank lowers target price from 586p to 570p, while keeping its buy recommendation.Anglo American: Morgan Stanley cuts target price from 1960p to 1610p reiterating an equal-weight rating. Deutsche Bank reduces target price from 2170p to 1950p and maintains a buy recommendation.Antofagasta: Morgan Stanley reduces target price from 880p to 830p retaining an underweight rating. Deutsche Bank lowers target price from 1110p to 1069p, while its hold recommendation remains unchanged.ARM Holdings: Investec ups target price from 955p to 1000p upgrading from hold to buy.Aquarius Platinum: Panmure Gordon increases target price from 100p to 112p and maintains a buy recommendation.Berkeley Group: JP Morgan ups target price from 2150p to 2170p and reiterates an overweight rating.BHP Billiton: Morgan Stanley reduces target price from 2120p to 2000p and retains an overweight rating. UBS moves target price from 2470p to 2510p and reiterates a buy recommendation. Deutsche Bank lowers target price from 2372p to 2300p keeping a buy recommendation.bwin.party: Canaccord Genuity reduces target price from 155p to 141p and keeps a hold recommendation.Consort Medical: Numis downgrades to add with a target price of 940p.Crest Nicholson Holdings: HSBC Holdings takes target price from 360p to 395p, upgrading to overweight.Cropper: Westhouse Securities increases target price from 260p to 300p and upgrades from add to buy.Eurasian Natural Resources: Exane takes target price from 320p to 230p and retains a neutral rating.Ferrexpo: Deutsche Bank shifts target price from 361p to 355p, while not changing its buy recommendation.First Quantum Minerals: Morgan Stanley moves target price from 1300p to 1250p staying with its overweight rating.Fresnillo: Citi upgrades from sell to neutral with a target price of 1016p. Deutsche Bank reduces target price from 1120p to 971p, while staying with its hold recommendation.Genus: N+1 Singer upgrades to hold with a target price of 1348p.Glencore: Morgan Stanley reduces target price from 350p to 309p maintaining an equal-weight rating. UBS lowers target price from 450p to 430p and stays with its buy recommendation. Deutsche Bank moves target price from 399p to 382p, while its buy recommendation remains unaltered.HSBC Holdings: Deutsche Bank upgrades to buy with an unchanged target price of 750p.Inchcape: Exane ups target price from 600p to 630p and maintains an outperform rating.Kazakhmys: Exane reduces target price from 390p to 250p staying with its neutral rating. Morgan Stanley lowers target price from 300p to 270p and keeps an underweight rating. UBS reduces target price from 385p to 275p leaving its neutral rating unaltered. Deutsche Bank takes target price from 567p to 435p and maintains a hold recommendation.Lloyds Banking Group: Deustche Bank shifts target price from 64p to 72p and retains a buy recommendation.Lonmin: Morgan Stanley cuts target price from 385p to 350p, while upgrading to overweight.Micro Focus: UBS moves target price from 675p to 685p keeping a neutral rating.Millennium & Copthorne Hotels: Morgan Stanley downgrades to equal-weight with a target price of 640p.New World Resources: Morgan Stanley cuts target price from 190p to 60p, while leaving its equal-weight rating unchanged.Northgate: Numis upgrades to add with its target price at 400p.Oxford Instruments: UBS reduces target price from 1750p to 1600p, while leaving its buy recommendation unchanged.Randgold Resources: Morgan Stanley revises target price from 5500p to 4600p, while staying with its overweight rating. Deutsche Bank revises target price from 5460p to 4936p, while its buy recommendation is kept.Rio Tinto: Morgan Stanley takes target price from 3760p to 3590p and maintains an equal-weight rating. UBS ups target price from 4550p to 4690p retaining a buy recommendation. Deutsche Bank raises target price from 4467p to 4490p keeping a buy recommendation.Royal Dutch Shell: Exane upgrades to neutral with a target price of 2350p.Spirit Pub: Nomura shifts target price from 37p to 42p keeping a reduce rating.Vedanta Resources: Morgan Stanley reduces target price from 1260p to 1140p, while reiterating an equal-weight rating. Deutsche Bank cuts target price from 1344p to 1117p, while leaving its buy recommendation unchanged.Vodafone Group: Nomura raises target price from 195p to 230p and upgrades from neutral to buy.
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(ShareCast News) - Northgate's group finance director Chris Muir, who has been with the company for over 12 years, will leave with effect from 31 March. The light commercial vehicle hire company said it had agreed with Muir that "the development was in their mutual interests". Muir will be leaving

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18 Dec 2015 11:02

Broker tips: Bodycote, Restaurant Group, Northgate

(ShareCast News) - Bodycote got a boost on Friday after N+1 Singer upgraded the stock to 'buy' from 'hold' saying sentiment was likely to warm next year. The broker cut its estimates to reflect the more challenging trading environment which was confirmed in the group's third quarter update. It down

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18 Dec 2015 09:39

BROKER RATINGS SUMMARY: UBS Initiates Restaurant Group At Buy

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18 Dec 2015 09:34

Berenberg upgrades Northgate as risks priced in

(ShareCast News) - Berenberg has upgraded Northgate from 'sell' to 'hold', citing the downside risk being priced into the stock. It said over the last five months, the company has seen a 40% fall in its share price as "lacklustre end-market growth and new depreciation policies have weighed on top-li

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18 Dec 2015 08:25

LONDON BRIEFING: Mike Ashley To Review Sports Direct Work Conditions

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10 Dec 2015 09:17

Speedy Hire Appoints Northgate Chief Executive To Board

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3 Dec 2015 16:59

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1 Dec 2015 09:36

BROKER RATINGS SUMMARY: Citi Downgrades Babcock To Sell From Neutral

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1 Dec 2015 07:44

Northgate Profit Lower On Weaker Margins, Euro Hit And Revenue Mix

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1 Dec 2015 07:20

Northgate posts small drop in first half profit but lifts dividend

(ShareCast News) - Northgate posted a slight decline in pre-tax profit for the first half, although it lifted its dividend and reiterated its expectations for the year. For the half year to the end of October, underlying pre-tax profit slipped to £45.9m from £47.8m in the same period last year, on r

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1 Dec 2015 07:15

London pre-open: Footsie to edge higher despite China PMIs

(ShareCast News) - Stocks were expected to start the day moderately higher ahead of the release of a raft of manufacturing sector survey results from around the world. The Footsie was seen gaining up to 34 points at the start of the session from Monday's close of 6,356.09. In parallel, the Shanghai

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30 Nov 2015 08:06

Northgate appoints new non-exec director

(ShareCast News) - Claire Miles has been appointed as non-executive director of commercial vehicle hire group Northgate. Miles, who stepped into her new role on 27 November, is the current managing director of the homecare division of British Gas and has held senior management roles with Santander C

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30 Nov 2015 07:48

Northgate Appoints British Gas Homecare Chief Claire Miles To Board

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