CW:Broker Roundup: Citi cuts gold miner targets, mixed views on Invensys
Analysts at Citigroup have cut target prices on three gold miners and raised them on two others. The biggest hit was for Russia-based Petropavlovsk (POG.L) formerly Peter Hambro mining.
Goldminers
* Citigroup raises European Goldfields (EGUq.L) price target to £10.33 from £9.66.
* It raises Randgold Resources (RRS.L) price target to £61.35 from £54.88.
* The bank cuts African Barrick Gold (ABGL.L) price target to 621p from 625p.
* It also cuts Centamin Egypt (CEY.L) price target to 166p from 177p.
* And it cuts Petropavlovsk (POG.L) price target to 911p from £11.00.
Invensys
* UBS cuts Invensys (ISYS.L) price target to 325p from 340p and rates neutral.
* Socgen cuts Invensys (ISYS.L) price target to 310p from 325p and rates hold.
* Unicredit raises Invensys (ISYS.L) to hold from sell.
And others...
* Canaccord Genuity raises Yell Group (YELL.L) to hold from sell.
* UBS upgrades Derwent London (DLN.L) to neutral from sell.
* It upgrades Standard Chartered (STAN.L) to buy from neutral.
* UBS raises British American Tobacco (BATS.L) price target to £29.20 from £26.30 and rates buy.
* It raises Prudential (PRU.L) price target to 900p from 850p and rates buy after yesterday's AGM.
* The bank raises Euromoney (ERM.L) price target to 820p from 800p and rates buy.
* UBS raises Drax Group (DRX.L) price target to 440p from 380p and rates neutral.
* UBS raises Investec (INVP.L) price target to 540p from 520p and rates buy.
* Exane BNP Paribas raises Associated British Foods (ABF.L) to outperform from neutral.
* Collins Stewart cuts AMEC (AMEC.L) to hold rating.
* Collins Stewart raises Premier Farnell (PFL.L) to buy from hold.
* Collins Stewart raises Electrocomponents (ECM.L) price target to 365p from 350p
* Collins Stewart raises Hill & Smith Holdings (HILS.L) price target to 377p from 368p and rates buy
* Investec raises Bodycote (BOY.L) price target to 365p from 315p
* Peel Hunt upgrades Future (FUTR.L) to hold from sell
* Peel Hunt cuts Wilmington (WIL.L) target price to 125p from 155p and rates hold
* The brpler raises Mitchells and Butlers (MAB.L) target price to 330p from 300p rating hold
* It raises ITE Group (ITE.L) to buy from hold
* Panmure cuts Office2office (OFF.L) target price to 1.81p from £1.90p and rates buy
* Natixis cuts SABMiller (SAB.L) to neutral from buy
* Arbuthnot cuts Umeco (UMC.L) to sell from neutral
