Best of the Brokers

BUNZL
Citi cut the FTSE 100 distribution group’s target price from 1,250p to 1,190p but kept the firm at “neutral” to reflect a slow projected growth rate and lower earnings forecasts.

ARM HOLDINGS
Barclays Capital raised the Apple chip designer’s target price from 750p to 820p and kept its “overweight” rating, reflecting higher demand for smartphones and tablets.

CRESTON
Liberum started coverage of the communications firm with a “buy” rating and a target price of 120p. It called Creston a “high quality company” with appealing assets.