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BEST OF THE BROKERS

<strong>CAPITAL &amp; REGIONAL</strong><br />KBC Peel Hunt upgraded their rating on FTSE 250 stock Capital &amp; Regional from &ldquo;hold&rdquo; to &ldquo;buy&rdquo;, with a target price of 37p. The broker said that the new management has ensured the firm&rsquo;s survival, along with a stabilisation of commercial property values, and that it is well placed to take advantage of a recovery in values.<br /><br /><strong>AVEVA</strong><br />Panmure Gordon moved Aveva to &ldquo;sell&rdquo;, with an increased price target of 848p. The broker said that Aveva&rsquo;s first-quarter interim management statement suggested that trading is slightly ahead but commentary from the divisions offers little cheer. It says any expectations of upgrades this year are premature given its end markets.<br /><br /><strong>PREMIER FOODS</strong><br />JP Morgan downgraded Premier Foods to &ldquo;underweight&rdquo; from &ldquo;neutral&rdquo; and cut its December 2010 target price to 36p from 38p. The changes were driven by Premier&rsquo;s third-quarter interim management statement and the broker&rsquo;s detailed portfolio review, and the consequent realisation that fair value is below the current stock price.