Best of the Brokers for 22 July 2013

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CAPITA
Shore Capital keeps its “sell” rating and 1,056p target on the outsourcer as it looks ahead to interim results this week. The broker thinks new contract flow will disappoint slightly, in spite of an expected 15 per cent rise in half-year revenues, and it worries about falling margins.

REED ELSEVIER
Numis advises investors to “add” shares in the publisher ahead of interim results on Thursday. The broker expects to see continuing good momentum and steady full-year forecasts. It sticks with a target price of 830p.

UNILEVER
Investec has a “buy” rating and 2,900p target on the consumer goods group firm ahead of its first-half results on Thursday. The broker thinks ice cream sales will have been weak in the second quarter, and has cut its full-year earnings per share forecast by six per cent.