Monday broker update: Smith&Nephew, IAG, Tate&Lyle -UPDATE

7th Nov 2011 09:19

Taylor Wimpey: Peel Hunt keeps at sell.XChanging: Peel Hunt stay at sell. Tullet Prebon: Singer Capital keeps at buy.Bovis Homes: Panmure Gordon stays at hold.Rotork: Panmure Gordon upgrades to buy from hold.Lonrho: Panmure Gordon keeps at buy.Hammerson: Panmure Gordon keeps at buy.Smith&Nephew: Credit Suisse downgrades to neutral from outperform, cuts target to 600p from 800p. SSE: Credit Suisse reiterates outperform, with price target at 1,400p. IAG: UBS keeps at buy, cuts target to 200p from 240p. Stagecoach: UBS remains at neutral, lowers target to 265p from 275p.Tate&Lyle: Recommendation unchanged at neutral, target rises to 655p from 615p.AB