Friday broker round-up

3rd Aug 2012 08:17

Avanti Communications: Jefferies maintains buy rating and 600p target.BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept.Cairn Energy: AlphaValue downgrades to sell.FlyBe: HSBC initiates coverage with overweight rating and 90p target.Hammerson: Credit Suisse lifts target from 450p to 500p, outperform rating kept.Ladbrokes: Jefferies keeps hold rating and 160p target.Morgan Crucible: Goldman Sachs downgrades to neutral.Ophir Energy: Deutsche Bank cuts target from 614p to 560p, hold rating kept.Rightmove: BarCap ups target from 1,400p to 1,850p, equal weight rating kept.RPS: Jefferies reiterates buy rating and 275p target.RSA: Nomura cuts target from 118p to 115p, neutral rating kept.SABMiller: Societe Generale downgrades to hold.Schroders: JPMorgan Cazenove ups target from 1,650p to 1,684p, overweight rating kept.Shire: JPMorgan Cazenove cuts target from 2,360p to 2,200p, overweight rating kept.Smith & Nephew: Jefferies raises target from 740p to 780p, buy rating kept.Spirent Communications: JPMorgan Cazenove reduces target from 171p to 143p, neutral rating kept; Investec cuts target from 190p to 175p, buy rating kept.BC