Best of the Brokers for 04 November 2013

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Numis has an “add” rating on the outsourcing giant and a target price of 300p ahead of an investor day tomorrow. The broker expects the firm to set out a rejuvenated set of best practices alongside a two to three per cent rise in organic revenue growth.

UBS has cut the travel group from “neutral” to “sell” but raised its target from 1,500p to 1,550p, as part of a review of the new businesses open to bus and rail businesses. The broker sees scope for a UK-listed firm to win Gemany’s rail franchises and sees Stagecoach as well-positioned in the US.

Peel Hunt has tells investors to “buy” the pub chain and has a target of 842p ahead of a trading update on Wednesday. The broker is predicting like-for-like sales growth of between 2.5 and three per cent, though it adds that margins might have slipped.