Best of the Brokers for 14 November 2013

BSKYB
Westhouse has given the TV group a good reception, raising its rating from “neutral” to “buy” and sticking to its 985p target. Despite the loss of Champion’s League rights, BSkyB still has strong content and attractive growth, the broker reckons.

FULLER, SMITH & TURNER
Numis tells investors to “add” shares in the pub chain and has a target of 950p ahead of interim results on 22 November. The broker expects to see a four per cent rise in like-for-like sales, driven by Fuller’s estate in London.

TESCO
HSBC has cut the supermarket from “overweight” to “neutral” and its target from 430p to 400p. The broker is worried about structural problems in the UK and Ireland, with rising costs and dwindling sales growth, and has lowered its trading profit forecast by 4.3 per cent to £3.38bn.