<strong>ITV</strong><br />Royal Bank of Scotland upgraded ITV to &ldquo;buy&rdquo; from &ldquo;sell&rdquo; with a target price of 41p, based on its belief that TV will lead the charge on the advertising recovery, and that ITV will take the lion&rsquo;s share of the budgets. The broker notes that the balance sheet is slowly being addressed and that the pension deficit appears manageable.<br /><br /><strong>ASHTEAD GROUP</strong><br />Equipment hire group Ashtead could make a good recovery play, said Evolution Securities, but it looks like its share price is already discounting a sharp rebound in 2011 profit. With its end -markets still in the doldrums, the assumption of an imminent bounce back is not without risk, according to the broker, which has a &ldquo;reduce&rdquo; rating on the stock.<br /><br /><strong>BARCLAYS</strong><br />Nomura analysts said that a presentation from Barclays Capital suggested that the first quarter performance from the division is not a one off. The broker regards this as the principal driver of the shares in the near-term and has a &ldquo;buy&rdquo; on the stock, owing to its wholesale market leverage, believing that it can continue to grow its way out of some of the issues that it has.