Best of the Brokers for 21 November 2014

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INTERTEK
Numis has lowered its rating from “add” to “hold”. The broker noted that capex and commodity-led weakness had “undone the improving momentum highlighted at the half-year results in August and led to a further pull-back in revenue growth and margin expectations”.

ROLLS-ROYCE
Westhouse Securities has reiterated its “neutral” rating, following the news that Airbus had won a 50-aircraft order from Delta Air Lines, which features two types of plane which use Rolls-Royce engines as their sole source. The broker noted that this was a positive for the company.

BONMARCHE
Cantor Fitzgerald reiterated its “buy” rating, noting that Bonmarche was “about the only” womenswear retailer that specifically targeted the over 50s while most competitors had “chased the glamour of youth”, and said the firm could benefit from forthcoming pension reforms.