Best of the Brokers for 23 June 2015

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TED BAKER
Canaccord Genuity raised its target price for the apparel and footwear label to 3,450p from 3,180p, and maintained a “buy” rating. The broker said a recent trading update covering the 18 weeks to January 2016 confirmed that the iconic British brand is carrying strong momentum.

WS ATKINS
The engineering consultancy was downgraded by Panmure Gordon from a “buy” to a “hold” rating, with target price of 1,630p. The broker said the downgrade was made on valuation grounds, with insufficient upside remaining to the target price to justify a “buy” stance.

SEVERN TRENT
Despite rumours of a takeover by Borealis Infrastructure, Whitman Howard kept a “hold” rating with a target price of 2200p a share on the utility firm. Analysts believe that such a deal remains feasible, with numerous similar transactions having occurred over the past few years.