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BEST OF THE BROKERS

BP
Nomura rates BP “buy” after the oil group’s recent annual strategy review. The bank said that although BP has not sought to radically shift its agenda, the strategy provides a basis for continued delivery of superior profitability against its sector peers.

SCHRODERS
Evolution reiterates its “neutral” rating on Schroders ahead of today’s full-year results. It expects new cash to support revenues, but says the shares are already fully valued. It remains Evolution’s favourite asset manager.

PROVIDENT FINANCIAL
Collins Stewart says now is a good time to “sell” Provident Financial, saying 800p is a good target price with the net asset value just 200p a share. It says market conditions will not improve near-term and expects market forecasts to be cut soon.

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