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Broker Roundup: Goldman reviews engineering sector

Credit Suisse overweight in equities and RBS recommends WS Atkins.

 * Goldman Sachs downgrades Morgan Crucible to neutral from buy, trimming target to 250p from 254p, upgrades Weir Group to buy from neutral, raising target to £14.47 from £10.70, downgrades Bodycote to neutral from buy, initiates coverage of Mothercare with a buy and 723p target, has a Conviction Buy for Cookson, raising target to 921p from 920p, a Conviction Buy for Laird Group, cutting target to 216p from 243p, has a neutral for Tomkins, raising target to 332p from 292p, raises Halma target to 314p from 280p, cuts Invensys target to 369p from 427p, raises IMI target to 993p from 853p and raises Spirax-Sarco target to £16.60 from £14

 * Credit Suisse remains overweight in equities, upgrades Johnson Matthey to neutral from underperform, trimming target to £16.60 from £16.70

 * Bank of America reinstates coverage of Centrica with a neutral and 290p target  and downgrades Scottish & Southern Energy to neutral from buy, cutting target to £11.75 from £13.50

 * HSBC downgrades Punch Taverns to underweight from overweight, cutting target to 60p from 120p

 * Morgan Stanley raises Travis Perkins target to £11.50 from £10.20

 * Citigroup has a buy and €4.60 target for Ryanair, reiterates buy and 550p target for CSR and has a buy and 82p[ target for Vectura

 * RBS has a buy and 800p target for WS Atkins

 * UBS has a buy and 250p target for Premier Farnell and a neutral for London Stock Exchange, cutting target to 666p from 740p

 * Altium has a buy for Aggreko, raising target to £16 from £13.50, a buy for Scott Wilson, raising target to 145p from 125p, a buy for Umeco, raising target to 400p from 390p and a hold for Walker Crips, cutting target to 48p from 56p

 * Seymour Pierce has a hold for Chloride, a buy and 75p target for E2V, a hold and 220p target for Electrocomponents, a buy and 250p target for Premier Farnell, a buy for Titan Europe, a buy and 61p target for UBC Media and a hold for WH Smith.

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