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BEST OF THE BROKERS

<strong>VICTREX</strong><br />KBC Peel Hunt has initiated coverage on Victrex, the high performance plastic manufacturers, with a &ldquo;buy&rdquo; recommendation and a target price of 650p, predicting strong profits growth for 2010. It says the current consensus is 8 per cent too low, and that should Victrex begin restocking then forecasts could be revised up again.<br /><br /><strong>AEGIS GROUP</strong><br />Panmure Gordon retains its &ldquo;buy&rdquo; recommendation for Aegis Group, with a target price of 100p, despite revising down earnings per share estimates for the next two years by 6 per cent. The broker is expecting the second half of the year to be much stronger than the first, due to management restructuring and the probable appointment of some non-executive directors.<br /><br /><strong>SANTANDER</strong><br />Royal Bank of Scotland has changed its recommendation to &ldquo;buy&rdquo; for Santander, upgrading its target price by 70 cents to &euro;10.40 (&pound;8.96). RBS has changed from its &ldquo;hold&rdquo; stance on the basis of increased profitability and the limitation of the take-up of credit risks, coupled with the recent shoring up of its position in the markets of the UK and Brazil.