Best of the Brokers for 12 November 2014

Westhouse Securities reiterated its “sell” rating following a meeting with BAE. The broker said that while no new market-sensitive trading or other inside information was disclosed “we left feeling slightly more positive about export opportunities”.

FinnCap restated its “corporate” rating, and said increased first-half activity, a stronger order book and better margin mix indicated Hayward Tyler was “well placed to exceed full-year expectations”. The broker maintained its target price of 113p.

Numis reiterated its “buy” rating ahead of Cineworld’s third-quarter results next week. The broker said its rating was based on forecasts of 19 per cent earnings growth, aided by £5m of acquisition synergies, “strong self-financed expansion” and an upgrade was possible.