Best of the Brokers for 15 July 2013

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EMIS
The number of EMIS Web GP practices has grown by 945 in the half year, ahead of the broker’s expectation of 900. Numis estimates profits will continue to rise and believes that EMIS should be a core holding in an investor’s collection of software stocks.

G4S
Cantor Research is downgrading G4S to “hold” from “buy” after the business services firm PWC discovered billing discrepancies as part of a government probe. Cantor Research is concerned about the already low reputation of G4S and also has moved its target price from 315p to 220p.

PUBLICIS
Liberum Capital has said it expects an upbeat statement from Publicis when it reports its first half results, and sees a degree of upside potential to consensus estimates. It reiterates a “buy” recommendation with €66 being fair value.