Best of the Brokers

UBS has upgraded the Swiss bank from “neutral” to “buy” with a target price of SwFr39, saying it likes “the scale argument and changing regional profile” of the recent Merrill Lynch wealth unit.

Panmure Gordon has raised its target price on the storage firm from 126p to 137p and maintained a “buy” rating after results to July showing solid progress and portfolio developments.

Shore Capital has upgraded the recruitment group from “hold” to “buy” with a target price of 229p, saying that its acquisition of Select from Randstad “makes a lot of sense”.