Best of the Brokers for 22 April 2015

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Analysts at Investec said Kingfisher’s 10-year strategy launched earlier this month by new chief executive Veronique Laury “left more questions than it answered” and downgraded Kingfisher from “hold” to “sell” but retained its target price of 300p.

Credit Suisse has downgraded the brewing giant from “neutral” to “underperform” with the bank saying that its premium valuation was “unwarranted”. It has also lowered its profit forecasts for the company and cut its target price for the shares from 3,700p to 3,400p.