AFRICAN BARRICK GOLD
Numis has upgraded the miner from “hold” to “add” with a target price of 430p, due to price depreciation. Full-year forecasts are reduced after a miss on Q2 costs.
Canaccord Genuity has upgraded the insurer from “hold” to a speculative “buy” with a 400p price target ahead of first half results on 20 August. The broker has upped its 2012 earnings per share by 10 per cent.
UBS has lowered its rating on the real estate group from “buy” to “neutral” following the shares’ recent strong performance. The broker says the stock’s attractions are now reflected in its price.