Saturday newspaper share tips

By THIS IS MONEY
Updated:

 

Here are the expert broker buys and sells from the City pages of today's newspapers. First from the Daily Mail:

UBS Warburg says buy Tesco at 251p as recent weakness has left shares looking cheap relative to Carrefour.

UBS Warburg says buy Persimmon at 284p as it says earnings per share enhancement from the Beazer deal should be significant.

SG Securities says buy Bradford & Bingley at 297p because it will get its official index weighting at the next FTSE 350 reshuffle in March. Mid-cap tracker funds will then get involved.

Teather & Greenwood says buy Ted Baker at 227p as it has considerable potential, especially in the US.

ABN Amro says buy Kingston Communications at 263p as although recent results were not impressive they did at least show credible signs of good prospects in 2002.

Teather & Greenwood says buy Northern Rock at 495p as it remains one of the cheapest banks in the sector and is a potential bid target.

Here are the broker sells

Teather & Greenwood says sell WH Smith at 460p as a good performance from retail has been kicked into touch by a disappointing performance from distribution.

Merrill Lynch says sell BAE Systems at 297p as it says a further 10-20% fall in the share price is appropriate to reflect the risks.

Here are the broker views from today's Daily Telegraph

Goldman Sachs says buy British American Tobacco at 499p as it believes BAT provides investors with a good vehicle for 'defensively oreintated funds.' Full-year results at the end of February are expected to show a 10% growth in earnings.

Willaims de Broe says buy BP Amoco at 591p as the sale of its stake in Russian oil company Lukoil will raise funds that can be used for further investment in Russia or returned to shareholders as part of the company's share buy-back programme.

Credit Suisse First Boston says buy Psion at 210p as it sees significant opportunities in its stake in Symbian and its potential involvement in the mobile internet market.

Merrill Lynch says buy Unilever as it is impressed by the £1bn price tag it has managed to secure for the announced sale of its dry soups and sauces to Campbell. Merrill Lynch is acting as adviser to Campbell.

HSBC says sell ARM Holdings at 550p as it is concerned that the slowdown in the mobile market will affect ARM.

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