BEST OF THE BROKERS

ARM
RBS rates the microprocessor producer as a “buy” at a target price of 600p, after blogs published slides of what appears to be a roadmap for the planned Nvidia smartphone/tablet processor. The roadmap shows ARM shipping it’s quad-core processor by the end of the year, ahead of its peers in the broker’s view.

HARGREAVES SERVICES
Panmure reiterates its “buy” recommendation for the fuel supplier and raises its long-standing target price from 910p to 1,011p. The broker expects figures released on 22 February to bring good news on trading, with bad weather likely to have driven demand for solid fuel. It also expects the company’s Tower Colliery project to be on track.

HISCOX
Numis rates the specialist insurer “hold”with a target price of 395p following news that insuring natural disasters in 2010 cost it £130m. The broker continues to believe that the stock is attractive on a longer-term basis given Hiscox's quality and strong performance track record.