Best of the Brokers for 17 July 2015

To appear in Best of the Brokers, email your research to notes@cityam.com

ARM HOLDINGS
Numis reiterated its “buy” recommendation on the chip maker and said that despite some “significant market share swings” which are causing some supply chain data points to look weak, it believes the group’s royalty growth prospects are “strong in the near term”.

AVEVA
Panmure Gordon reiterated its “hold” rating on the software and technology firm, on the basis that the company is reticent about “the 3D printing opportunity”. The broker said: “In this market Aveva looks set to be a sleeping giant for the time being - but investors should keep an eye on it.”

PREMIER FOODS
Shore Capital reiterated its “buy” recommendation on the food group following a visit to its Carlton facility. The broker said: “Whilst the UK food market remains tough we see a combination of improving relative performance by the mainstream grocers and self-help initiatives from Premier.”