Best of the Brokers

UBS has downgraded the Fiat majority-owner from “buy” to “neutral” on the back of a downgrade to Fiat. Its target price for Exor is now €20, from €22.40, as Fiat raises cash to buy Chrysler.

Investec has thrown its weight behind the catering giant, raising its target price to 800p while reiterating a strong “buy” recommendation. Further growth still lies ahead, Investec reckons.

Citi has downgraded the video search engine to “neutral” with a price target of 90p. Citi is still upbeat about Blinkx’s medium run prospects but feels that “valuation is up with events”.