Best of the Brokers for 7 August 2015

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

AVON RUBBER
WH Ireland reiterated its “buy” rating on the rubber company, following its acquisition of Italian milking components business InterPuls for €29.75m (£19.2m). The broker said the deal will broaden Avon’s product range, client base and geographic footprint, and raise the target price to 950p from 900p.

BONMARCHE
Cantor Fitzgerald reiterated its “buy” recommendation on the retailer, and said the group is in a growing niche, should be a relative beneficiary of higher interest rates and “has a number of initiatives in progress, which should ensure robust earnings momentum over the next three years”.