UK-Broker Recommendation Round up

Broker tips: Imperial Tobacco, Hammerson, Liberty International Charles Stanley analyst Tina Cook has been casting her eye over the performance of Imperial Tobacco in its various markets around the world and praises its ability to capture the ‘down-trading trend’. In the UK, she notes, the maker of Lambert & Butler, which is one of the cheaper brands, has been continuing to balance market share gains with continued profitability. The firm is holding market share in Germany and seeing it increase in other EU countries, but feeling the impact of economic weakness in Spain, she observes. Trading has been mixed in the US as tax rises effect volumes but the premium brand Davidoff makes progress in cities. The firm, on which Cook has an ‘accumulate’ rating, is continuing to grow in other world markets, she says. Nomura has been taking a look at property stocks and is no longer bullish on the sector following some good gains in share prices lately.

Broker tips: Carpetright, BSkyB, Premier Foods
Broker snap: Premier Foods reassures but unexciting

Broker Recommendations

Date	Company Name	Ticker	Broker Name	Recommend	Price	Old Target Price	New Target Price	Broker Change
06-Aug-09	AstraZeneca	AZN	Jefferies	Underperform	2,724.00p	2,280.00p	2,400.00p	Reiteration
06-Aug-09	Aviva	AV.	Panmure Gordon	Buy	388.50p	435.00p	-	Reiteration
06-Aug-09	Aviva	AV.	Shore Capital	Buy	388.50p	-	-	Reiteration
06-Aug-09	British Sky Broadcasting Group	BSY	Daniel Stewart	Sell	535.00p	407.00p	-	Reiteration
06-Aug-09	Kingfisher	KGF	Pali International	Buy	212.30p	230.00p	250.00p	Reiteration
06-Aug-09	Ladbrokes	LAD	Evolution Securities	Sell	172.60p	150.00p	-	Reiteration
06-Aug-09	Ladbrokes	LAD	Investec Securities	Hold	172.60p	-	-	Upgrade
06-Aug-09	Land Securities Group	LAND	Nomura	Buy	612.00p	633.00p	-	Reiteration
06-Aug-09	Lloyds Banking Group	LLOY	ING Barings	Hold	102.96p	70.00p	-	Reiteration
06-Aug-09	Lloyds Banking Group	LLOY	BNP Paribas	Underperform	102.96p	-	-	DownGrade
06-Aug-09	Lloyds Banking Group	LLOY	Deutsche	Hold	102.96p	-	-	DownGrade
06-Aug-09	RSA Insurance Group	RSA	Oriel	Hold	128.50p	-	-	Reiteration
06-Aug-09	RSA Insurance Group	RSA	Shore Capital	Buy	128.50p	-	-	Reiteration
06-Aug-09	RSA Insurance Group	RSA	Panmure Gordon	Buy	128.50p	160.00p	-	Reiteration
06-Aug-09	Unilever	ULVR	Panmure Gordon	Hold	1,657.00p	1,360.00p	1,580.00p	Reiteration

Other Company Recommendations Today

Aegis Group, Anglo American, Bellway, Bellway, Bellway, Cobham, Computacenter, Derwent London, Dimension Data Holdings, Eurasian Natural Resources, GLOBO, GLOBO, Hammerson, Hammerson, InterContinental Hotels Group, Invensys, ITV, ITV, ITV, Liberty International, Manganese Bronze, Millennium & Copthorne Hotels, Planet Payment Inc., Soco International, Spring Group, Standard Life, Tanfield Group, Trinity Mirror, Unilever, Unilever, Vectura Group, VT Group, William Hill, Xstrata