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Broker Roundup Update: Citigroup downgrades Victrex
UBS downgrades Serco and Ambrian initiates coverage of Xstrata with a buy and £14.30 target.
Markets
* Citigroup downgrades Victrex to hold from buy
* Evolution upgrades Plant Health Care to buy from hold
* KBC Peel Hunt downgrades Weir Group to hold from buy, raising target to £11.40 from £11 and initiates coverage of BSkyB with a buy and 750p target
* Goldman Sachs has a buy for Rentokil Initial, raising target to 160p from 158p
* Nomura has a reduce for Dana Petroleum, trimming target to £16.17 from £16.18
* UBS has a neutral for Tate & Lyle, raising target to 515p from 480p and downgrades Serco to neutral from buy, cutting target to 650p from 680p
* FinnCap has a hold for Lamprell, believes Avesco is well backed by its 146p-a-share net asset value, has a buy for Mulberry, raising target to 330p from 250p and suggests China Food is well positioned for long-term expansion
* Canaccord reiterates hold Micro Focus with a 540p target and has a buy for Valiant Petroleum, raising target to 815p from 723p
* Collins Stewart has a buy and 312p target for Cape and a buy and 100p target for C&W Worldwide
* Ambrian has a buy for GlaxoSmithKline and a buy and £14.30 target for Xstrata
Tools from Citywire Money
Today's articles
- Market Blog: Cape crashes on Algerian profits warning
- Week Ahead: waiting uncomfortably for Greece to leave
- Investment trusts beat unit trusts in emerging markets
- Smart Investor: let the news flow wash over you
- 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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