Best of the Brokers for 11 August 2015

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DEVRO
Numis reiterated its “hold” recommendation on the collagen food products manufacturer, in a supplementary comment on the firm’s interim results. The broker noted that it had made a “stupid error” in respect of pre-tax profit projections for 2016, and revised its guidance.

HOWDEN JOINERY
Canaccord Genuity reiterated its “buy” rating on the joinery firm. The broker said it believes in the fundamentals of the group and the branch roll out story, “despite the director share sales we note going through from time to time”. Target price was increased from 521p to 555p.

ZOOPLA
Panmure Gordon reiterated its “sell” recommendation on the online property marketplace ahead of this week’s trading update. The broker said it remains cautious on the stock as it foresees ongoing challenges in the longer term, such as the impact of rival firm OnTheMarket.