BEST of the BROKERS

HOME RETAIL
Numis has moved the owner of Argos and Homebase from “sell” to “add” citing an improvement in the electricals market following the digital switchover and latest iPad launch.

STAGECOACH
Jefferies has upgraded the transport firm from “hold” to “buy” and upped its price target to 335p, calling the stock “the default choice in this sector”. It says the firm is well placed to win contracts for UK rail lines.

LAND SECURITIES
Liberum Capital now rates the UK’s largest landlord as “hold”, down from “buy”, having reduced its expectations for growth as the retail property market suffers from consumers tightening their belts.