Best of the Brokers for 26 November 2013

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Numis has a buy rating on William Hill with a 550p target price following the company’s profit warning last week. The broker said that the warning suggested to them that William Hill may be gaining share of the UK sports betting market.

Canaccord sets a buy rating for Tungsten with an initial target price of 292p. The broker believes that Tungsten’s combination of technology and financial services in banking will make it difficult for potential competitors to copy.

N+1 Singer raised its target price for Volex slightly to 114p with a hold rating due to the electronics supplier’s weak first half results. The broker said that Volex’s sharp sales decline of 21 per cent had wiped out its operating profit, while net debt had more than doubled.