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Broker Roundup: UBS initiates coverage of Pru with a buy and 641p target
Morgan Stanley reviews property sector.
Markets
* UBS initiates coverage of Prudential with a buy and 641p target
* JP Morgan has a neutral and 613p target for Prudential and has an overweight and £20.75 target for SABMiller
* Morgan Stanley downgrades Derwent Water and Great Portland Estates to equal-weight from overweight, has an overweight for British Land, raising target to 500p from 480p, an overweight for London and Stamford, raising target to 135p from 125p, an overweight for Hammerson, cutting target to 420p from 435p, an overweight for Segro, raising target to 340p from 320p, cuts Capital Shopping target to 320p from 335p and has an overweight for Land Securities, cutting target to 700p from 720p
* UBS upgrades Wolseley to buy from neutral, raising target to £19 from £18.72, has a buy for Aggreko, raising target to £16 from £14 , a neutral for Chloride, raising target to 350p from 300p, a neutral for CRH, raising target to €20 from €19.5 , a neutral for Kingspan, cutting target to €6.8 from €7.3, a neutral for SIG, cutting target to 121p from 130p, a buy for Travis Perkins, raising target to £10.65 from £10.30
* Citigroup has a hold for Aggreko, raising target to £14.50 from £12
* Credit Suisse has an outperform for CRH, raising target to €23 from €22
* RBS has a buy for Elementis, raising target to 82p from 80p, a buy for Volex Group, raising target to 270p from 110p and a buy for Northern Foods, cutting target to 67p from 80p
* Numis downgrades Centamin Egypt to hold from buy
* Deutsche Bank raises target for Electrocomponents to 241p from 230p
* Goldman Sachs has a neutral for Invensys, cutting target to 369p from 427p
* Altium has a buy for Phoenix IT cutting target to 345p from 375p
* Bank of America has a buy for Aggreko, raising target to £15 from £13 and raises Burberry target to 740p from 700p
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