Best of the Brokers for 17 March 2014

To appear in Best of the Brokers, email your research to notes@cityam.com

MORRISONS
Cantor Fitzgerald keeps its “buy” rating and puts its target under review after the supermarket’s profit warning last week. The broker thinks the shares will be supported by the prospect of a takeover by the likes of Amazon or a grocery rival looking to gain access to Morrisons’ real estate.

NEXT
Peel Hunt has a “hold” rating and 6,700p target ahead of the fashion chain’s full-year results on Thursday. The broker believes Next will continue to outperform its high street peers and could post forecast-beating profits alongside a £50m special dividend.