Best of the Brokers for 28 February 2014

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ITV
Numis repeats its “buy” rating and 260p target following “very strong” results from the broadcaster. The broker thinks ITV is finding the right balance between commercial and creative in its programming, and is confident that the group could beat forecasts again this year.

BALFOUR BEATTY
Ahead of the construction firm’s full-year results next week, Berenberg sticks to its “buy” rating and raises its target to 350p. The broker believes the worst is over for Balfour, as building work picks up across the UK, and reckons the shares do not deserve the 25 per cent discount to the sector.

HAYS
Shore Capital maintains its “hold” rating and 138p on the recruiter, having already lowered its recommendation from a “buy” ahead of Wednesday’s results. The broker is cheered by the rise in jobs activity, though it believes fees growth will be muted in the next half.