Best of the Brokers for 07 September 2015

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Panmure Gordon reiterated its “buy” rating for the retirement services firm. Given the recently announced proposed merger with Partnership Assurance, Panmure analysts believe the focus will be on that rather than 2015 profitability. Nonetheless, they expect operating profit of £66.5m when results are published on 17 September.

Numis maintained its “buy” recommendation for the behavioural health service group. Analysts expect a one to two per cent rise in revenue growth from 2016 due to faster organic growth. In the first half, Cambian added a net 126 beds, and expects to add 370 places for the 2015 financial year, ahead of original guidance of 260.