Best of the Brokers for 07 April 2015

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Numis downgraded HL to a “hold” rating. It still believes the firm will outperform its peers, but thinks a very strong recent share price run is not matched by a small mark to market upgrade.

Canaccord Genuity reiterated its “hold” rating for the pub chain, but fears a push to triple the amount of breakfasts sold, and offers on some beers and ciders, could cause short-term pain.