Tuesday broker round-up

8th May 2012 08:35

Balfour Beatty: Investec keeps sell rating and gives new target of 210p.BP: Barclays downgrades from neutral to underweight.Ladbrokes: Nomura maintains neutral stance and 150p target.Morgan Crucible: Jefferies reiterates buy recommendation and 365p target.Rentokil Initial: Jefferies upgrades from underperform to hold, target lifted from 68p to 77p.Royal Bank of Scotland: Nomura retains reduce rating and 26p target.Sage Group: Merchant Securities maintains hold rating and 300p target.Tullow Oil: Credit Suisse raises target from 1,818p to 1,841p, outperform rating kept; Jefferies maintains buy rating and 1,800p target.BC