Best of the Brokers for 3 September 2015

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ANTOFAGASTA
Canaccord Genuity reiterated its “hold” rating on the mining group, but reduced its target price from 620p to 610p. The broker cited the company’s recent decision to downgrade full-year production guidance for copper, and reduced its earnings forecasts for 2015 and 2016.

AVON RUBBER
WH Ireland reiterated its “buy” recommendation on the rubber company, following an update confirming that year-to-date trading has been in line with expectations. The broker also maintained its target price of 950p, which it said reflects the “significant growth potential” in the firm.

BBA AVIATION
Jefferies reiterated its “buy” rating on the aviation services firm, following reports that its competitor Landmark Aviation, is being sold by owner Carlyle Group. The broker said that it expects the group to maintain discipline when looking at “any future opportunities that may or may not arise”.