Best of the Brokers for 20 September 2013

GO-AHEAD
Morgan Stanley has upgraded the bus and rail group from “equalweight” to “overweight” and raised its target price from 1,545p to 1,860p. The broker is enthused by Go-Ahead’s improving bus unit and sees an attractive free cash flow yield of 14 per cent from 2015.

DAIRY CREST
Make whey while the sun shines and “buy” shares in the dairy group, according to Peel Hunt, which has an improved 600p price target. The broker was impressed by Dairy Crest’s £40m investment in whey and cheese operations, seeing plenty of potential for growth.

GREENCORE
Davy has an “outperform” rating for the convenience goods company. The broker thinks Starbucks’ plan to roll out savoury snacks and baked goods across the US north east and double its lunch sales will be a big growth opportunity for Greencore, one of the coffee giant’s suppliers.