Best of the Brokers for 1 October 2013

WILLIAM HILL
Deutsche Bank has cut its target price from 496p to 475p, while upgrading the gaming group to “buy” from “hold”. The broker believes that after an 18 per cent share price fall since August interim results, it is now time to buy into the stock again.

FRENCH CONNECTION
Cantor Fitzgerald has upped its target price from 29p to 32p and kept a “hold” recommendation on the stock. The analyst said the fashion retail chain has made good progress with its strategy, but it does not expect the company to break-even until 2015 at the earliest.

BARRATT DEVELOPMENTS
JP Morgan Chase & Co has upgraded housebuilder Barratt Developments from “neutral” to “overweight” and retained a target price of 360p. The bank said Barratt’s on-going efforts to pay down debt along with other factors has led ti stronger earnings growth than it had previously anticipated.