Best of the Brokers for 09 May 2014

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Panmure Gordon sticks with its “hold” rating but hikes its target price from 151p to 155p to reflect a stronger recovery in the recruitment firm’s British business. However, weakness in Asia is likely to weigh on Hays’ stock for now, the broker adds.

Berenberg has started covering the heat treatment firm with a “hold” recommendation and a target price of 759p. The broker thinks the firm is a market leader in its field, with a plan to grow in emerging markets and solid cash flow to back up the expansion.