Broker tips: Enterprise Inns, SABMiller, Britvic, Axon (ShareCast)

LONDON (ShareCast) - The abandonment of plans to convert to a Real Estate Investment Trust (REIT) and its new strategy aimed at conserving cash has changed the picture at pub group Enterprise Inn, according to stockbroker Teathers. The broker has reduced its target price on the heavily indebted pubs owner to 122p, after removing the impact of conversion to a REIT from its valuation model. Teathers continues to advise clients to reduce their holdings in the group. US bank JP Morgan has taken a look at the European beverages sector and picked SABMIller (LSE: ) as "the most attractively valued stocks". JP Morgan (JPM) said that growth in emerging markets is driving earnings improvements in the sector and although it has seen no evidence of a "sustained slowdown" across these... [read full story]