Best of the Brokers for 11 September 2015

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BARRATT DEVELOPMENTS
Shore Capital reiterated its “hold” rating on the house builder after its preliminary 2015 results. “Performance is still very positive with the bulk of the improvement in profits still driven by recovering margins, strong support for new homes via help-to-buy and the still abnormally benign market climate,” the broker said.

PHOENIX GROUP
Canaccord Genuity upgraded its rating on the insurance group from “hold” to “buy”, and raised target price to 890p from 850p. The broker said the firm needs to “bolster its track record for value-adding acquisitions”, adding: “We maintain that it is well placed to do just that.” However, it does not expect a deal until 2016 at the earliest.