Best of the Brokers

Numis has cut the chemical maker from “buy” to “hold”, due to lower than expected growth and a weak market for PCs, which has not seen a boost by the launch of Windows 8.

N+1 Singer has a “buy” rating on the India-based power producer after a rise in revenues. The broker had been hesitant on the firm’s target for this year, but concedes that it has “performed significantly well”.

Morgan Stanley keeps its “overweight” rating and raises its target from 860p to 950p, expecting to see the gaming firm take market share in the UK as it embarks on a turnaround strategy.