Best of the Brokers

ASOS
Morgan Stanley has started covering the online retailer with an “overweight” rating and a target price of 3,000p, cheering the firm’s superior sales offering and entrepreneurial management team.

BT
The telecoms group is Nomura’s top pick in the sector, with a “buy” rating and a price target of 260p. BT is set to benefit from broadband growing faster than mobile internet in the medium term.

IMAGINATION TECHNOLOGIES
Numis has upgraded the tech group from “hold” to “buy” with a 590p target. The broker sees potential for the firm to play a key part in the tablet market.