Best of the brokers for 17 September 2013

PRUDENTIAL
Broker Panmure Gordon has retained its buy rating but upgraded its target price for the insurer to 1,453p per share from 1,376p per share. It said it anticipates the Pru to announce a series of stretching targets at the start of December that will help the share price.

BARCLAYS
Nomura analysts have upgraded the UK bank from a reduce to a buy with a target price increase from 260p to 340p after predicting the company would benefit from an improving economic picture. It said stocks geared towards macroeconomic growth would do well in future.

GENEL ENERGY
Canaccord Genuity has initiated coverage on the energy company with a hold recommendation and a target price of 1,114p. The broker said it anticipated “very strong operating cashflow growth” over the next year and a half.