Best of the Brokers for 12 March 2014

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RBC Capital has moved its target price on the insurer from 400p to 550p and upgraded the stock from “underperform” to “neutral” following last week’s results, saying that a return to top-line growth in its life business and management drive to improve efficiency were reasons to be upbeat.

Bank of America Merrill Lynch has upped its target from 7,000p to 7,400p and kept a “buy” rating on the popular retail stock ahead of results on 20 March, and following decent online sales figures from the British Retail Consortium. The broker says Next deserves a premium due to its high online exposure.