Best of the Brokers for 28 November 2013

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MEDUSA MINING
Cantor Fitzgerald maintained its “buy” rating for Medusa with a target price of 190p a share. The broker said that Medusa’s operations in the Philippines had been unaffected by the Typhoon Haiyan and continuing work on the company’s expansion programme.

PAYPOINT
Numis held its “sell” rating for PayPoint with a target price of 745p following last week’s results. The broker said that the company’s price to earnings ratio is too high to justify the valuation and that shareholders should look for better value elsewhere.

KCOM
FinnCap raised its target price for Kcom to 120p, from a previous target of 110p a share. The broker is pleased at Bill Halbert’s commitment to remain chief executive, and thinks new contract wins will more than offset any regulatory headwinds.