Best of the Brokers for 27 August 2013

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SERCO
Panmure Gordon rates Serco a “buy” with a target price of 700p and predicts upbeat first half results on Thursday. However it calls for caution as analysts say “the fall-out from the electronic tagging contract is not clear in its core business”.

ANTOFAGASTA
Westhouse Securities retains a “buy” rating and target price of 980p ahead of Antofagasta’s half year results, saying it “remains a blue-chip mining investment, but says it will review its rating after the interims are published.

BERENDSEN
Cantor Fitzgerald gives Berendsen a “hold” rating and 770p target price after “solid” interim results. Analysts said: “Overall, we believe Berendsen is a well-balanced company with good growth opportunities.”