Global broker ratings

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Our global broker ratings report covers the main equities listed in the US and throughout Europe, plus Australia and South Africa.

17 May 2013

Listed below are details of selected companies that have undergone a ratings change today. Click on the link below to view a PDF of today's global broker ratings.

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Company Rating Target Price Potential Upside/ Downside Contributing Broker
Lagardere SCA Buy 33 19.0% Oddo & Cie
Atlantia SpA Sector Perform 15 8.8% RBC Capital Markets

Maintain

Company Rating Target Price Potential Upside/ Downside Contributing Broker
Newcrest Mining Ltd Outperform 25.7 75.1% CIMB
Petroceltic International Buy 0.15 68.5% Goodbody Stockbrokers Ltd
AngloGold Ashanti Ltd Overweight 24000 49.7% Barclays

New rating

Company Rating Target Price Potential Upside/ Downside Contributing Broker
SSAB AB Buy 70 49.5% Kepler Cheuvreux
Groupe Bruxelles Lambert SA Buy 72 17.1% Kepler Cheuvreux
Tele2 AB Reduce 90 8.5% Kepler Cheuvreux

Downgrade

Company Rating Target Price Potential Upside/ Downside Contributing Broker
Deere & Co Sell/Neutral 85 -4.9% Goldman Sachs
Fiat SpA Market Perform 5 -5.4% Sanford C. Bernstein & Co
MeadWestvaco Corp Underperform 30 -17.4% RBC Capital Markets

Source: Bloomberg (17 May 2013)

Ratings definitions

  • Outperform or overweight: the contributing broker predicts the share price of a security will perform better than a specific benchmark
  • Underperform or underweight: a security will fare worse than a specific benchmark
  • Upgrade and downgrade: a broker's last rating
  • Maintain: a broker has maintained or reiterated a recommendation
  • New rating: an analyst has initiated coverage on a stock
  • Neutral or in-line recommendation: the broker expects a security's share price to match the performance of a benchmark
  • Price target: the value a contributing broker expects the share price to reach (generally within a 12-month period). Recommendations are not always accompanied by a price target
  • Last price: the market share price at the time of writing the update
  • Potential upside/downside: the 'potential' percentage gain or loss that could result if a contributing broker's price target is reached. The percentage gain or loss is calculated based on the last price
  • Contributing broker: refers to the investment management firm providing the recommendation and price target

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