Broker tips: Lloyds, Telecom Plus, Michael Page

15th Jul 2014 12:11

Deutsche Bank has chosen to reiterate its 'buy' rating on Lloyds Banking Group ahead of the lender's second-quarter results at the end of the month, saying that it its "top pick" in the UK banking sector."LBG provides attractive and cost-effective exposure to a strong UK economy, a profitable banking market, strong capital generation, and potential write-backs on weak credits taken in the downturn."finnCap has repeated its 'buy' recommendation for utility services provider Telecom Plus after a strong first-quarter update from the firm on Tuesday."Telecom Plus is a premium stock with impressive gross profit focus and growth," said Analyst Harold Evans.Panmure Gordon has removed its long-standing 'sell' recommendation on Michael Page International and switched to a 'hold' given the stock's current valuation.The upgrade followed a quarterly update from the recruitment company on Tuesday, which Panmure said showed "decent progress in underlying terms during the first half".BC