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<strong>LADBROKES</strong><br />Barclays Capital is not convinced that Ladbroke&rsquo;s overseas investment will give a particularly high return compared to peer William Hill&rsquo;s online expansion. However, the broker believes the group is well-run and cash generative, with a high dividend yield. It initiated coverage of the stock with an &ldquo;equal weight&rdquo; rating.<br /><br /><strong>KCOM GROUP</strong><br />KCOM&rsquo;s results show strong cost control and cash flow, said Investec, with excellent working capital&nbsp; management. The broker said that fears over the breaching of debt covenants have receded and operational metrics are better than forecast. The analysts recommend investors &ldquo;hold&rdquo; the stock and is reviewing its 16p target price.<br /><br /><strong>ANGLO AMERICAN</strong><br />Goldman Sachs believes there is a potential 45 per cent upside to its increased 12-month price target of 2,578p for Anglo American, and it sees the miner&rsquo;s profile as the most attractive in its mining coverage. Anglo remains a &ldquo;conviction buy&rdquo; and is an &ldquo;outperform&rdquo; on the broker&rsquo;s UK relative value list.