BEST of the BROKERS

ITV
Nomura has moved the broadcaster from “neutral” to “buy”, saying the firm’s cost-cutting measures are on track and will bolster profits. The bank raised the target price to 115p.

MICRO FOCUS INTERNATIONAL
UBS has upgraded the software firm from “neutral” to buy with a target price of 600p. UBS says Micro Focus is a “golden goose” offering high returns and growth.

TRAVIS PERKINS
Panmure Gordon has upped the builders’ merchant’s target from 1,050p to 1,200p saying it expects the “strong operator” to outperform the market. Travis Perkins is rated as “buy”.