Best of the Brokers for 22 May 2015

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MARKS & SPENCER
Numis reiterated its “hold” rating on the retail group, following a positive full year results presentation. The broker noted that while the 2015 financial year “clearly did not progress according to plan”, the company’s strategy is looking “increasingly robust and focused on controllable levers”.

SEVERN TRENT
Whitman Howard reiterated its “hold” rating on the water company, ahead of today’s results. The broker said the firm is positive about the numbers, but warned that possible risks to the investment case include “government and regulatory interference; and how competitive markets develop”.