Best of the Brokers for 9 January 2014

AVEVA
Strong engineering results have earned Aveva an upgrade from UBS, which has hiked its rating from “neutral” to “buy” with a target of 2,550p, up from 2,300p. The broker sees relatively high growth rates despite underperformance in the last quarter of 2013 that has kept the share price down.

CINEWORLD
Numis has reiterated its “add” rating and 450p target on the cinema chain ahead of a full-year trading statement tomorrow. The broker expects Cineworld to post a 2.4 per cent rise in like-for-like box office takings, and reckons the recently-acquired PIcturehouse brand is doing well.