Best of the Brokers for 1 July 2015

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HALFORDS
Halfords has issued a note ahead of the retailer’s first quarter update next month, retaining a “buy” recommendation and its target price of 560p. The broker said the first quarter should reassure with sales growth more widespread than just in cycling.

TESCO
HSBC has kept its “buy” rating and target price of 295p following the retailer’s annual meeting and trading update last Friday. The bank highlighted that Tesco is now the fastest growing retailer for many suppliers, with a total volume growth of 2.5 per cent.