Best of the Brokers for 16 December 2014

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SPORTS DIRECT
Numis reiterated its “buy” rating following “robust” first-half results, with sports retail sales’ growth of 1.5 per cent during the second quarter. The broker noted that Sports Direct’s portfolio was set to grow to include between 30 to 40 new stores by the end of 2015.

DRAX GROUP
Whitman Howard reiterated its “buy” rating, despite the government’s announcement that it might remove support for certain biomass projects. While the news initially caused the firm’s share price to fall by 10 per cent, the broker said it would not impact Drax’s three initial biomass conversions.