BEST of the BROKERS

DIGNITY
N+1 Brewin has upgraded the funeral services firm from, “add” to “buy” with a target price of 1096p after strong interim results, labelling the company “more than just a defensive buy”.

OCADO
UBS has downgraded the grocery delivery firm from “neutral” to “sell” and slashed its target price to 51p from 110p, pitching its consensus earnings forecast for next year 25 per cent below consensus.

TELECITY
Numis rates the telecoms firm as “add” with a target price of 1010p, calling it a clear “fab five” company. The broker has also made upgrades to its full-year Ebitda forecasts of one to two per cent.