Best of the Brokers for 12 March 2015

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CARETECH
WH Ireland reiterated its “buy” rating on the residential care home company, after it announced plans to raise £21m in order to accelerate its growth plans, through both organic growth and by making bolt on acquisitions. Target price is maintained at 330p.

FERREXPO
Cantor Fitzgerald reiterated its “buy” rating on the iron ore company, after its results for 2014 came in 17 per cent ahead of consensus at Ebitda level. The broker said that despite falling iron ore prices and the conflict in Ukraine, the firm made “significant progress” during last year.

TELECITY
Numis moved the datacentre group from “under review” back to a “hold” rating, and said it is worried that its acquisition of Interxion is more about scale than financial returns. While the broker said the deal makes sense “commercially and strategically”, it gives the firm “stretching targets”.