Best of the Brokers for 19 February 2015

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AVIVA
Berenberg has reiterated its “sell” recommendation for insurer Aviva. Analyst Matthew Preston says: “Just 24 per cent of the reduction in business unit operational costs has made its way through to Aviva’s operating profit, while cash generation has also remained lacklustre.”

LEGAL & GENERAL
Panmure Gordon has retained its “buy” recommendation for financial services giant Legal & General. Analyst Barrie Cornes: “We set our target price 12 months ago, but following the share price rally the shares are currently trading close to that target price.”