Best of the Brokers for 21 October 2014

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WH Ireland reiterated its “buy” rating, with a target price of 206p. It noted the aircraft leasing business’ conditional agreements with Thomas Cook Airlines, as well as the changes it is set to make to its depreciation policy which should “bring it closer into line with its peer group”

Cantor Fitzgerald gives Rolls-Royce a “buy” rating, despite lowering its target price to 1,310p from 1,440p, saying that “In our view, the medium term guidance undermines the bear case in many elements, notably on low margin expectations”.

Numis reiterated its “buy” rating, stating that the company is “on track” with its full year guidance. The broker maintained its target price of £11 based on the company’s “solid” results for the third quarter, and said Fresnillo remains a pick