Tuesday broker round-up

19th Jun 2012 08:16

APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged.BHP Billiton: Jefferies keeps buy rating.Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target.Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept.Dixons Retail: Bank of America Merrill Lynch upgrades to neutral, target lifted from 11p to 16p.Filtrona: UBS ups target from 510p to 530p, buy rating kept.Gem Diamonds: JP Morgan Cazenove cuts target from 350p to 310p, overweight rating kept.Glencore: Jefferies keeps buy rating.Home Retail: Merchant Securities reiterates sell recommendation.ITV: Goldman Sachs upgrades to buy, target cut from 137p to 104p.Legal & General: Nomura reiterates buy rating and 182p target.Petropavlovsk: Bank of America Merrill Lynch cuts target from 1,230p to 1,075p, buy rating retained.Rio Tinto: Jefferies keeps buy rating.Royal Dutch Shell: Nomura keeps buy recommendation and 2,700p target.Sage: Merchant Securities keeps buy rating.Segro: Exane BNP Paribas upgrades to neutral, target lifted from 210p to 240p.Standard Chartered: of America Merrill Lynch upgrades to buy.TalkTalk: Jefferies hikes target from 166p to 225p, buy recommendation maintained.UBM: Goldman Sachs upgrades to conviction buy.Xstrata: Jefferies keeps buy rating.BC