The Sky is Falling..., page-3

Not at the CNE Headquarters, shining a little bit brighter than the rest on the LSE lately, and consistently being upgraded by many a large brokerage firms.  

Broker Spotlight - BHP Billiton, Centamin, Cairn Energy, Ultra Electronics

June 02 2015, 9:17am
http://www.*.co.uk/thumbs/upload/Team/Image/2014_05//50x50_Jamie-150_200.png Jamie Ashcroft, June 02 2015, 9:17am
It is time to stop buying BHP Billiton (LON:BLT), according to Deutsche Bank, which has today downgraded the international mining major to ‘hold’.
The German bank also reduced its price target to 1660p from 1800p, and said the company’s focus would turn to growing oil and copper business following the South32 demerger.
Egyptian gold firm Centamin (LON:CEY) was also a downgraded mining firm on Tuesday, as RBC Capital cut its rating to ‘sector perform’ from ‘outperform’.
In the oil sector, however, Jefferies lifted its recommendation for offshore firm Cairn Energy (LON:CNE) to ‘buy’ from ‘hold’ thanks to what analyst Mark Wilson calls a “play opening” success in Senegal.
Elsewhere in the City it was largely a case of nudging the slide-rule rather that wholesale changes.
Deutsche Bank repeats a ‘hold’ for defence specialist Ultra Electronics (LON:ULE) but the price target moves to 1800p from 1750p.