BEST of the BROKERS

ITV
Liberum reiterates its “buy” advice on the media group, increasing its target from 135p to 140p. The brokers say ITV Family advertising could grow by six per cent for the year, outperforming the market. And a summer of sport will be beneficial to ITV - even though it will not show the Olympics.

VIRGIN MEDIA
Deutsche Bank rates the company as a “buy” and has increased the target price by 25p to 2025p. Cables hold the key to the firm’s growth, says the broker, with capital expenditure on the network expected to feed through to improved cable growth this year. Further revenue growth is also expected.

GLAXOSMITHKLINE
Barclays maintains a “neutral” appraisal of the pharma firm with a price target of £15.75. The picture remains muddled, the broker says, with expectations confounded by the “weak” European cold season and Japanese allergy season. But management is expected to soon turn focus to GSK’s drug pipeline.