Best of the brokers for 05 September 2013

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PACE
Numis tells investors to “sell” shares in the set-top box maker, warning that a glut of disruptive TV platforms from Apple, Intel and Sony is threatening to unsettle the firm’s market. The broker has a target of 200p.

SALAMANDER ENERGY
Morgan Stanley has upgraded the oil and gas explorer from “underweight” to “equalweight” and boosted its target price to 165p. The broker sees success at Surin as a mark of confidence in the firm’s exploration plan.

TESCO
Shore Capital keeps its “buy” recommendation on the supermarket as it ends its first financial half. It sees a good performance in the core UK market tempered by lower Asian and European growth, leading to a 4.3 per cent cut to Shore’s earnings per share forecast.