Best of the Brokers for 05 May 2015

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Shore Capital has initiated coverage of the natural premium mixer brand with a “sell” recommendation and “fair value” outlook of 191p, saying: “Although we see Fever-Tree as a high quality company with strong sales momentum, we believe its valuation is ultra-premium.”

Jefferies gives Shire a “buy” rating and has boosted its price target by six per cent to 6150p. The analyst says: “We foresee numerous pipeline catalysts this year to drive potential earnings upgrades, more than offsetting the relatively anaemic ... growth in the coming quarters.”

Numis has given Hornby an “add” recommendation, with a target price of 100p. The broker says Hornby is “full steam ahead” after posting a strong end to the year, with sales growth accelerating from +6 per cent at 10 February to +13 per cent for the full year.