BEST of the BROKERS

DARD

DARD CHARTERED
Canaccord Genuity rates the bank “sell” with a target price of £13.25. The broker expects to see evidence of double-digit asset and earnings growth in StanChart’s interim management statement on Wednesday, but thinks this growth is already factored into the share price.

INVENSYS
UBS rates the software maker a “buy” with a target price of 240p, up from 235p previously. The broker thinks recent takeover interest could flush out fresh bids for the firm, despite large pension liabilities and operational issues acting as obstacles for potential pursuers.

VOLKSWAGEN
Goldman Sachs has added the car firm to its “conviction buy” list with a target price of €261. The broker has pared back its investment horizon for the automotive sector, trimming its forecasts for 2012/13 an uncertainty clouds future growth. But Goldman believes there is opportunity for gains within the volatility.