Best of the Brokers

VODAFONE
Morgan Stanley has an “overweight” rating and a 210p target price on the telecoms giant. While first half figures were disappointing, the broker wants to see more progress in Europe.

STANDARD CHARTERED
Investec rates the bank “buy” with a target of £18. The broker points out that StanChart is one of just two UK banks expecting to grow revenues this year.

M&C SAATCHI
Charles Stanley has cut its rating from “buy” to “reduce” and has a target of 160p. The broker recommends taking profits amid signs of a sector slowdown affecting the firm’s growth.