Best of the Brokers for 14 January 2014

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BAE SYSTEMS
UBS analysts are upbeat on BAE, highlighting it as their favourite pick from the European aerospace and defence sector. They have a “buy” rating on the stock and hiked their target price from 475p to 510p, citing a likely Saudi price escalation agreement by the end of this month.

HAYS
Barclays hikes its earnings per share forecast by seven per cent for 2015, estimating the recruiter can increase profits by 50 per cent between June 2014 and 2016 with an increase in net fee income of 20 per cent. The analysts target a price of 155p and have an “overweight” rating.

JUST RETIREMENT
Panmure Gordon’s analysts have put a “buy” rating on Just Retirement’s stock with a target price of 265p. The broker predicts strong growth for the life insurer in areas including lifetime mortgages, as well as the relatively new market of individually underwritten annuities.