Best of the Brokers

Shore Capital has upgraded the transport group from “sell” to “hold” after an investor day where the firm laid out plans to target £100m in profit from its UK bus business by 2015-16.

Following last week’s profit warning, Panmure Gordon has downgraded 2012 and 2013 forecasts, but kept its “hold” rating on the temporary power supplier, with a lower target price of 2159p.

Investec has downgraded the bank from “hold” to “sell” with a target price of 255p, saying last week’s reaction to RBS exiting the asset protection scheme was overdone.