Best of the Brokers for 17 October 2014

To appear in Best of the Brokers, email your research to

Analysts at UBS have upgraded their rating on the FTSE 100 conglomerate to “unchanged” from a “sell”, but kept their target price unchanged at 710p, with the brokers pointing to the group’s continuing positive free cash flow.

Brokers at Numis have a “buy” rating on the stock with a target price of 1,100p. The group says the price is “not [a] particularly demanding valuation” given that silver still looks oversold compared to its historical averages.