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BEST OF THE BROKERS

<strong>JOHN WOOD GROUP</strong><br />JP Morgan upgraded its rating for John Wood to &ldquo;overweight&rdquo; with an increased price target of 365p. The broker said that the shares are 13 per cent lower since 25 August, on concerns for Well Support&rsquo;s exposure to onshore gas. It believes that these concerns are overdone and that earnings resilience is underappreciated.<br /><br /><strong>PARTYGAMING</strong><br />Investec said that the increasing focus on online casino and bingo, from which it expects new product launches to drive revenue growth, will offset a difficult poker market for PartyGaming. It reinitiated coverage on the stock with a &ldquo;buy&rdquo; rating and a target price of 310p, saying there is a 26 per cent potential upside.<br /><br /><strong>LONMIN</strong><br />Bank of America Merrill Lynch downgraded Lonmin to a &ldquo;neutral&rdquo; rating, saying that its &ldquo;buy&rdquo; had been premised on the successful restructuring of the business and a positive outlook for platinum group metal prices. However Lonmin has reached the broker&rsquo;s price objective of 1,900p sooner than expected on M&amp;A speculation.