Best of the Brokers for 27 September 2013

Shore Capital has kept its “buy” rating on the investment manager despite outflows in the firm’s latest update. The broker believes Aberdeen will come through the turbulence in emerging markets well, claiming the stock “is not a Greek tragedy, but A Midsummer Night’s Dream”.

Morgan Stanley has started covering the power generation firm with an “underweight” rating and target of 1,300p – a downside of around 20 per cent. The broker prefers APR Energy and believes Aggreko’s concentration of diesel products leaves it vulnerable to competition.

Berenberg believes shares in the engineer could soar following a capital markets day, and has maintained its “buy” rating and 1,350p target. The broker thinks Babcock’s £15.5bn bid pipeline represents a huge potential boost for the shares, up to 40 per cent once possible M&A is included.