Broker tips: ITV, easyJet, Keller

15th May 2013 10:50

ITV's first-quarter results were slightly ahead of forecasts, according to Nomura, however the broker said that Wednesday's negative market reaction was due to its cautious outlook for the remainder of the year."Overall, the transformational plan seems on track with strong studios guidance, cost savings on track and even an increase in viewing. However, the weaker-than-expected Q2 ad outlook will likely dominate sentiment today," Nomura said. Nevertheless, the broker kept its 'buy' rating and 130p target price for the stock.Shares in budget airline easyJet were flying high on Wednesday morning after the company's in-line first-half results, with Investec saying that full-year forecasts look "well underpinned".The broker said: "Ahead of any changes, we retain our 'buy' and [...] 1,200p target price, with easyJet representing our key pick in the airlines sector."Conditions remain mixed for Keller but Jefferies reckons that the engineering company remains well-positioned for a recovery in the US residential markets.The broker has raised its target price for the FTSE 250 stock from 820p to 1,050p after upgrading its 2013 and 2014 profit forecasts by 17% and 11%, respectively. A 'buy' rating was maintained for the stock.BC