Best of the Brokers for 01 July 2014
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ABERDEEN ASSET MANAGEMENT
Barclays has kept its “overweight” rating, but increased the target price to 510p from 490p. The broker thinks that Aberdeen offers good value with the firm having outperformed previous benchmarks, and that the flow outlook will continue to improve with the future looking positive.
INTERSERVE
Numis has increased its rating to “buy” from “add”, keeping the target price at 718p. The broker believes that recent share price underperformance is undeserved, with organic growth in key markets improving and recent acquisition benefits offering boosted earnings potential ahead.
GLOBAL ENERGY DEVELOPMENT
Northland Capital has kept its “buy” rating, while also retaining its target price of 181p. The broker sees excellent value in the share, noting that technical aspects of the company’s Catalina well programme look encouraging, with a successful result likely to have a strong impact.