BEST OF THE BROKERS

AGGREKO
Goldman Sachs rates the power rental company a “buy” and has added the firm to its conviction buy list with a raised target price of 2482p. The broker thinks now is the key time to invest as a result of the favourable pricing environment caused by power shortages in Japan, bolstering the firm’s already strong position in a sector with high barriers to entry.

BOOKER
JP Morgan rates the food wholesaler “overweight” and has raised its target price by 12p to 71p. The broker thinks the firm is well placed to outperform, despite a choppy UK economy. Booker’s product mix continues to shift favourably alongside consumer spending habits, and JPM thinks it can continue delivering growth like the 52 per cent rise in fresh produce seen last year.

RYANAIR
Commerzbank rates the airline “hold” and has a target price of 400 cents (349p). The broker expects the airline to weather rising fuel costs, thanks to its 90 per cent fuel hedge, and predicts solid growth. It predicts a net profit of €386m when Ryanair reports full-year figures today, and will be looking for comments on longer-term development of unit costs.