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Panmure Gordon has started covering the wealth manager with a “buy” rating and 400p target. The broker reckons the recent changes to pensions and the spread of new technology in investment are creating the perfect storm for growth in firms like Brewin.
UBS has cut the hotelier from “buy” to “neutral” but nudged its target price up from 2,200p to 2,225p. The broker is cheered by the firm’s capital return plans and expects demand to stay strong in Europe and China.