Best of the Brokers

TRIFAST
After strong interim results Shore Capital has upgraded its forecasts for the mechanical fasteners maker, upping earnings estimates by four per cent for 2013. It has a “buy” rating and 43p target price.

MAJESTIC WINE
Ahead of interims on 19 November, Canaccord Genuity has a “buy” rating and 505p target price on the retailer, but expects a volatile trading period and expects a flat performance for the first half.

AVEVA GROUP
UBS has downgraded the software group to “sell” from “neutral” with a target price of 1810p. The broker says the current valuation is “demanding”, making any M&A prospects unlikely.