Best of the Brokers for 01 September 2015

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Numis upgraded its rating for the challenger bank from “hold” to “add”. Analysts said growth had been strong with better margins, falling impairment and improved operating efficiency. It expects improving operating efficiency to be the key driver of profit growth going forward.

Canaccord Genuity downgraded its rating for the oil and gas exploration and production company to “speculative buy” from “buy”. It sees long term value in Ophir’s shares but said recognition of this value is unlikely ahead of sales of assets in Equatorial Guinea and Tanzania.

WH Ireland reiterated its “buy” rating for the property development firm. Its results for the first half of the year showed strength in the business at a time that included the hiatus of the General Election. It reported more sites with planning permission and more large commercial projects.