Best of the Brokers for 19 February 2015

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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.”

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.”