Best of the Brokers

CINEWORLD
Canaccord has reiterated its rating for the cinema chain at “buy” and has upgraded its target price to 350p from 280p due to projected new sites and an increase in online usage.

CHEMRING
Espirito Santo has lowered its target price to 320p from 350p after the departure of chief executive David Price and disintegration of Carlyle bid talks. It keeps its “buy” rating.

BSKYB
Jefferies downgraded the satellite broadcaster to “underperform” from “hold”, while decreasing its target price to 650p. Cites slowed subscriber growth and increased competition in the UK pay TV market.