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BEST OF THE BROKERS

<strong>CHLORIDE</strong><br />KBC Peel Hunt cut its target price on Chloride from 160p to 140p and downgraded the stock from &ldquo;buy&rdquo; to &ldquo;hold&rdquo;, after reducing its 2011 forecasts for the group. The broker said that long-term growth drivers are intact and that service revenues will provide some resilience, but that margin pressure is inevitable.<strong><br />CARPETRIGHT</strong><br />Investec cuts its forecasts for Carpetright saying that the firm is &ldquo;counting chickens before they are hatched&rdquo; against a backdrop of a difficult near-term trading outlook and a lack of consistent improvements in the housing market or in consumer confidence. The broker remains a seller of the stock, with a 410p target price.<br /><strong><br />BODYCOTE</strong><br />Analysts at Panmure Gordon said that Bodycote is turning into a highly leveraged recovery play, and adjusted their forecasts radically to earnings of &pound;50.3m for 2009. The broker said that higher sequential volumes from September and a lower cost base should lead to a material turnaround and retained its &ldquo;buy&rdquo; recommendation.