Global broker ratings
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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Upgrade
| 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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