Best of the Brokers for 17 October 2014

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ANTOFAGASTA
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.

FRESNILLO
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.