Best of the Brokers for 11 November 2013

To appear in Best of the Brokers, email your research to notes@cityam.com

WATERLOGIC
Analysts at N+1 Singer downgraded their target price on the shares from 235p to 136p per share however it has maintained its “buy” rating on the renewable energy firm. It said the downgrade was caused by an expected delay in new product roll-out.

HAYS
Following an investor day at the jobs and recruitment firm, analysts at Shore Capital said they had maintained their positive stance on the company, keeping its buy rating on the stock with a target price of 124p.

AVEVA
Broker Panmure Gordon has retained its “hold” rating on Aveva with a target price of 2,374p after its rival Delcam Plc was snapped up by US outfit Autodesk. “The good news is the Americans are shopping, but we urge investors not to get carried away,” Panmure said.