Best of the Brokers for 14 July 2014

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FAROE PETROLEUM PLC
Cantor Fitzgerald has maintained its “buy” rating, while keeping the target price at 195p. The broker believes that the announcement of an oil discovery at its Bue well is another encouraging update from the company, providing another further addition to its overall resource base.

VODAFONE GROUP PLC
Espirito Santo has downgraded Vodafone to “sell” from “neutral”, while cutting its target price to 170p from 215p. The broker thinks higher spectrum renewal costs could amount to over £5bn over the next 10 years for Vodafone, with higher risks as a predominantly mobile operator.

888 HOLDINGS PLC
Investec has retained its “buy” rating, also maintaining its target price at 190p. After a bullish trading update, The broker has marginally raised its revenue forecasts to reflect what it believes to be continued strong momentum across all product lines, along with greater cost controls.