Best of the Brokers for 01 April 2014

UBS keeps its “neutral” rating and pares back its price target from 1,150p to 950p. The broker sees a more competitive ceramics market ahead, though new product launches could shore up the company’s long-term investment case.

N+1 Singer has upgraded the retailer to “buy” and lifted its target price by four per cent to 140p. The broker is keen on Darty’s sales growth in France and thinks its Dutch business is heading in the right direction.

Shore Capital was pleasantly surprised by the meat packing group’s results last week, with strong price growth and cash generation. With a tough European market already factored into the share price, Shore keeps its “buy” rating at 500p.