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Broker Roundup Update: UBS reviews the mining sector

by Phil Cozens on Apr 29, 2009 at 10:08

* Bernstein initiates coverage if Thomson Reuters with a market perform and £16.50 target, has a market perform and £26 target for ReckittBenckiser, an outperform and 700p target for Cadbury and an outperform and 575p target for WPP Group.
In a review of the food retailing sector the broker has an overweight and 450p target for Tesco, a market perform and 340p target for Sainsbury and a market perform and 290p target for William Morrison
 
 * RBS has a buy and £32 target for ReckittBanckiser
 
 * UBS, in a review of the mining sector, reiterates buy for Rio Tinto, retains Xstrata as its top pick and is warming to Anglo American.
The broker has a neutral and €14.50 target for UnilverNV, a buy and £26.25 target for AstraZeneca and a buy and £30 target for ReckittBenckiser
 
 * Evolution retains sell for Punch Taverns
 
 * Shore Capital retains buy for Home Retail, retains buy for Unilever and retains sell for Punch Taverns
 
 * Pali International retains sell for Home Retail, with 160p target under review
 
 * Altium reiterates sell for HMV while raising target to 110p from 95p
 
 * Investec reiterates overweight in the health care equipment and services sector with buys for Dignity, Care Tech, Dechra and Synergy
The broker has a hold for Punch Taverns with its target price under review
 
 * FinnCap has a buy for Lupus Capital and a hold for Novae.
 
 * Ambrian has a buy for Sylvana Resources, a sell for Kirkland Lake Gold and buys for Meridian Petroleum and Ramco Energy
 
 * Charles Stanley has a buy for Croda and a hold for Royal Dutch Shell

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