Broker tips: Unilever, ITV, C&W Comms

3rd Dec 2012 11:23

Following a Unilever investor and analyst seminar in Paris, Investec has raised its price target for the consumer products stock from 2,300p to 2,400p but has kept its 'hold' rating on the stock."ULVR needs more bottom line juice for our ongoing admiration to turn into renewed conviction."Furthermore, the broker warns about the 'January effect' on the shares: the stock has underperformed the FTSE in 13 out of the last 18 Januarys, including four out the last five. Plus, the shares are trading near an all-time high.Panmure Gordon has reiterated its 'buy' rating and 140p target price for terrestrial broadcaster ITV after the final of its reality TV show 'I'm a Celebrity Get Me Out of Here' had a peak audience of 10.6m.Panmure analyst Alex DeGroote said: "This is significant because the ability to deliver major prime-time audiences is key to advertising and, in turn, content/format sales. If anything, the entertainment genre - as opposed to drama - has been tougher for ITV this year."Jefferies has kept its 'hold' recommendation and 35p target price for Cable & Wireless Communications (CWC), saying that while the proceeds of the Monaco & Islands disposal are attractive, it has potential implications for dividend prospects.The broker highlighted that the M&I division contributes 22% of group operating free cash flow "so investors will need to understand how management intends to replace these cash flows".BC