Best of the Brokers

UBS maintains its “neutral” rating for Tesco while raising the target price to 350p from 325p, despite first-half trading profits that slightly missed consensus estimates.

Seymour Pierce has upgraded the athletics retailer from “hold” to “buy,” and raised its target price from 285p to 420p, saying the firm is well placed to expand on the internet.

Panmure Gordon keeps its “hold” rating as well as its 620p target price for the outsourcing firm, following Capita’s loss of the CRB contract. The attrition rate on 2013 revenues is expected to be less than one per cent