Best of the Brokers for 21 August 2013

ITV
Morgan Stanley raises its target price from 175p to 185p and keeps its “overweight” rating for the broadcaster. The broker sees the outlook for advertising as “more positive than it has been for the last three to four years”.

RESTAURANT GROUP
Numis Securities reiterates its “reduce” rating for the Restaurant Group and price target of 400p ahead of interim results on 30 August. Numis expects the firm’s margins to fall for a third consecutive year in 2013.

LADBROKES
Deutsche Bank lifts Ladbrokes’ rating to “buy” from “hold” and keeps the price target at 232p. Deutsche Bank expects to see sustainable medium term online market share gains following a marketing deal with Playtech.