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Broker Roundup: Goldman Sachs recommends ITV
Credit Suisse upgrades mining sector and Morgan Stanley positive on Halfords.
Markets
* Credit Suisse upgrades mining sector to overweight from benchmark with top picks Rio Tinto and Xstrata; cuts telecoms sector to 10 overweight from 15% overweight
* Goldman Sachs has a buy for ITV, raising target to 88p from 84p, a neutral for Cineworld, raising target to 230p from 220p, a neutral for N Brown, raising target to 320p from 288p and a neutral for Provident Financial, cutting target to 850p from 980p
* HSBC downgrades PV Crystalox to neutral form overweight
* Arbuthnot downgrades Braemar Shipping to buy from strong buy
* Jefferies downgrades Fidessa to underperform from hold, cutting target to £13.80 from £14.35
* Deutsche Bank has a hold for ARM, raising target to 300p from 290p
* Barclays Capital upgrades Cairn Energy to equal-weight from underweight
* Morgan Stanley upgrades Halfords to overweight from equal-weight
* Citigroup has a buy for Petropavlovsk, trimming target to £13.60 from £13.70
* UBS has a buy for Wood Group, raising target to 520p from 500p, a buy for Debenhams, raising target to 90p from 75p downgrades WPP Group to neutral from buy with a 750p target
* Shore Capital downgrades Helphire to sell from hold and has a buy for Provident Financial
* Altium has a buy for Ubited Business Media, raising target to 775p from 735p
Tools from Citywire Money
Today's articles
- Market Blog: Cape crashes on Algerian profits warning
- Investment trusts beat unit trusts in emerging markets
- Smart Investor: let the news flow wash over you
- Asset allocation: where bonds fit in to the big picture
- Lyttleton takes summer break from BlackRock funds
- Threadneedle bond boss Fitzsimmons exits
- Friday Papers: Insults fly over troubled HP buyout
- Overnight Markets: US stocks gain as Europe offsets China concern





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