Best of the Brokers

BARRATT
Goldman Sachs has cut its recommendation on the homebuilder to “neutral” from “buy” following recent rises in its share price. It moved its target price to 235p from 210p.

N BROWN
Peel Hunt has raised its target price for the fashion and homewear retailer to 375p from 340p, maintaining its “buy” recommendation. It cites the US trial and UK store expansion.

WM MORRISON
Seymour Pierce has downgraded the grocer from “hold” to “reduce”, cutting its target price from 300p to 250p as it expects it to come under further market pressure from rivals at Christmas.