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Broker Roundup: Goldman downgrades Rexam and has a sell for Home Retail
HSBC upgrades ENRC and JP Morgan initiates coverage of Kenmare with an overweight,
Markets
* Goldman Sachs downgrades Rexam to neutral from buy, raising target to 474p and has a sell for Home Retail, cutting target to 235p from 275p
* UBS upgrades Dana Petroleum to buy from neutral with a £13 target , has a neutral for ASOS, raising target to 750p from 630p
* HSBC upgrades Eurasian Natural Resources to overweight from neutral, cutting target to£12.30 from £12.60
* JP Morgan initiates coverage of Kenmare Resources with an overweight and 20p target and has a neutral for Wincanton, raising target to 298p from 271p
* Morgan Stanley upgrades Reed Elsevier to overweight from equal-weight, with a 600p target
* Barclays Capital upgrades GlaxoSmithKline to overweight from equal-weight and AstraZeneca to overweight from equal-weight, raising target to £34 from £33
* Seymour Pierce upgrades Vitesse Media to outperform from buy
* Numis initiates coverage of African Barrick Gold with an add and 685p target and Highland Gold with a buy and 170p target
* Citigroup has a hold for Home Retail, cutting target to 220p from 290p and a hold for Halfords Group, raising target to 630p from 570p
* Deutsche Bank has a buy for Unilever, raising target to £23 from £22.70, raises Premier Farnell target to 274p from 236p and has a hold for Diageo, raising target to £11 from £10.50
* Barclays Capital downgrades 888 Holdings to underweight from equal-weight
* Shore Capital has buys for Chaucer, Hardy Underwriting, Novae and Omega Insurance and a hold on Brit Insurance.
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