Best of the Brokers for 8 July 2013

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Cantor Fitzgerald has upgraded its recommendation for the suit and shirt-maker to “buy” from “hold” and kept its target price of 65p following a visit to the retailer. The broker said that the group showed “significant internet opportunity and potential for overseas development”.

Numis has maintained its “add” stance and target price of 140p for the maker of private label cleaning products after it issued a trading statement on Friday showing the rate of sales decline slowed in second half of the year compared with the first half.

FinnCap has cut its target price for the South American gold miner from 103.7p to 88.2p on the back of the recent gold price decline, bringing it in line with forecasts for other gold explorers. The broker has reduced its long-term gold price from US$1,500 an ounce to US$1,400 an ounce.