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Broker Roundup: Seymour remains cautious on Lloyds and RBS

by Phil Cozens on Nov 29, 2010 at 08:17

* Seymour Pierce has a reduce and 72p target for Lloyds and a reduce and 47p target for Royal Bank of Scotland

* UBS removes Tullett Prebon from its Diversified Financial Least Preferred list and adds London Stock Exchange

* Goldman Sachs has a neutral for Resolution, cutting target to 225p from 258p, a neutral for Standard Chartered, raising target to £19.20 from £17.26

* JP Morgan initiates coverage of Resolution with an underweight and 284p target

* Jefferies downgrades Shire to hold from buy, cutting target to £16 from £16.50, has a buy for Misys, raising target to 390p from 360p

* UBS has a buy for Ashtead Group, raising target to 190p from 160p

* Credit Suisse has an outperform for Great Portland Estates, raising target to 383p from 305p, an underperform for Mitchells & Butlers, raising target to 280p form 240p

* Bernstein has an outperform for SABMiller, cutting target to £25.50 from £26 and an outperform for Diageo, cutting target to £14.25 from £14.50

* Citigroup has a buy for Cobham, cutting target to 240p from 275p

* Goldman Sachs downgrades Ferrexpo to neutral from buy, has a neutral for Severn Trent, raising target to £14.83 from £14.73