Best of the Brokers for 24 February 2015

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DECHRA PHARMACEUTICALS
Numis has downgraded its recommendation for UK-based veterinary products manufacturer Dechra Pharmaceuticals from “add” to “hold”. Analyst Sally Taylor said: “While we believe the medium-term investment case remains fully intact, in light of strong recent share price outperformance we lower our rating.”

PETRA DIAMONDS
Canaccord Genuity has increased its target price for diamond miner Petra Diamonds from 200p to 230p and maintained its “buy” recommendation after the firm’s strong interim results. “As is normally the case, second half results should be materially better than the first half as the company holds four sales tenders,” said Analysts Nick Hatch and Adam Melnik.

CLIPPER LOGISTICS
Numis has lowered its recommendation for Clipper Logistics from “buy” to “hold”. Analysts Steve Woolf and Julian Carter said: “While we believe the medium-term investment case remains intact, with the shares having significantly outperformed and now close to our target price, we lower our rating.”