Best of the Brokers for 18 November 2014

To appear in Best of the Brokers, email your research to notes@cityam.com

ITE GROUP
Westhouse Securities raised its recommendation to “add” from “neutral”, and said ITE was continuing to “tightly manage matters within its control”. The broker said it remained positive on “the quality of the group’s portfolio of market leading events across a range of emerging market and industrial sectors”.

MITCHELLS & BUTLERS
Numis moved its recommendation from “hold” to “add” ahead of the company’s final results, which will be published on 25 November. According to the broker, the presentation will be an important indicator as to whether the company is on the right path to returning to sustainable growth.

MOTHERCARE
Cantor Fitzgerald reiterated its “sell” rating ahead of the firm’s interim results, due on Thursday. The broker said Mothercare was still being impacted by falling store sales plus more competition from internet operators and high street clothing brands, and sales densities might never fully recover.