Best of the Brokers for 24 August 2015

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BELLWAY
Jefferies has retained its “buy” rating on the UK home builder, but upgraded its target price after the company finished the year to April with a record number of completions. Jefferies increased its profit before tax estimate by three per cent for the year ending April 2015.

MERLIN ENTERTAINMENTS
Numis has reiterated its “hold” rating for the visitor attractions company. Numis analysts said the new Shrek’s Adventure attraction near the London Eye was fun, well-designed and entertaining. They were happy to report that their 18-year-old researcher was not scared at all.

PUNCH TAVERNS
Canaccord Genuity reiterated its “hold” recommendation for the pub operator. The broker said its outlook reflects the reduced regulatory threat from the Market Rent Option due to a Conservative victory in the May General Election and an improving consumer outlook.