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Morning Eyecatchers: Broker Roundup: Goldman remains negative on Lloyds TSB
JP Morgan downgrades Logica and Citigroup negative on L&G.
Markets
* Goldman Sachs reiterates sell and 330p target for Lloyds TSB, cutting earnings per share estimates for 2008 and 2010 to reflect slightly weaker performance in insurance and investments and higher provisions
* JP Morgan downgrades Logica to underweight from neutral cutting target to 100p from 135p and reiterates overweight Croda International with a 795p target.
* Citigroup upgrades BP to buy from hold with unchanged 600p target, downgrades Legal and General to hold from buy with a reduced 100p from 155p target and upgrades Fresnillo to buy from hold
* Brewin Dolphin has an add and 260p target for Nicholls and reiterates buy and 100p target for Renold
* UBS downgrades Dimension Data to neutral from buy with a 52p target and downgrades Regus to sell from neutral, cutting target to 50p from 110p
* Lehman Bros resumes coverage of Inmarsat with an equal-weight and 510p target
* Landsbanki downgrades Woolworths to reduce from hold, cutting estimates, reduces Ark Therapeutics to hold and upgrades CSR to buy from hold.
The broker has buys for Vectura, Dunelm, Coal of Africa, Future, United Business Media, Provident Financial, Close Bros, Telecity and Travis Perkins and holds for Games Workshop and RAB Capital
* Deutsche Bank upgrades British Airways to hold from sell
* Cazenove upgrades British Airways to in-line from underperform
* Goldman Sachs upgrades Vitec to neutral from sell with a 408p target, upgrades Headlam to neutral vs sell with reduced to 295p and downgrades Bellway to sell
* WH Ireland has an outperform for Provident Financial and a buy for Dignity
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