Best of the Brokers for 01 May 2015

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Canaccord Genuity reiterated its “buy” rating on the bank, and said it sees “increasing clarity and a sense of purpose from the management team after a number of strategic reviews”. The broker added: “Better cost discipline and transparency should reduce the current discount to peers.”

WH Ireland reiterated its “buy” rating on the potash developer after the firm gained approval for further development at its Wilton site at Teesside, a move the broker said was encouraging. The broker noted that the planning approval process is approaching the end. Target price is 37p.