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Broker spotlight, including Bwin.party, 888 Holdings, Royal Mail Group, SABMiller and BHP Billiton

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In the UK, the FTSE 100 rebounded from last week’s mixed finish to rise 50 points to 7,008.
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Online betting group Bwin.party (LON:BP.Y) was in the news this morning and received an upgrade from banking group Exane BNP Paribas, which raised the stock to 'neutral' from 'underperform'.

It came as 888 Holdings (LON:888), itself the subject of a failed £700mln takeover bid by bookmaker William Hill in February, confirmed market talk that it had made a takeover proposal to Bwin.

Elsewhere, postal group Royal Mail (LON:RMG)  was sent positive vibes from the investment bank Investec, which moved to 'buy' from 'reduce' on the stock.

Earlier this month,  the group was boosted after Dutch-owned postal firm Whistl, formerly TNT, has suspended deliveries after private equity backer LDC pulled its funding to help expand the business.

JPMorgan Cazenove is upbeat on brewer SABMiller (LON:SAB), repeating an 'overweight' stance and the share price target lifted to 4,100p from 4,000p. Last week, it announced it was quenching its thirst for craft beers with a move to buy London-based brewer Meantime.

The biggest loser on Footsie was diversified mining giant BHP Billiton (LON:BLT), down 4.21%, to 1,467p. It was  downgraded to 'hold' from 'buy' by Morningstar.

Another notable downgrade on Monday was BP (LON:BP.), which was lowered to 'sell' from 'neutral' by heavyweight Goldman.


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