Best of the Brokers for 10 March 2014
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BWIN.PARTY
Peel Hunt has a “buy” rating on the gambling firm and a target of 137p ahead of full-year results due on Thursday. While the broker expects the earnings figures to make for grim reading, with earnings down 36 per cent, it thinks new products will fuel a recovery this year.
TAYLOR WIMPEY
Barclays is keeping its “overweight” recommendation on the housebuilder and raises its target from 156.5p to 160.1p. The broker is underwhelmed by the firm’s cash return plan and thinks it should be focusing on buying up land.
IMAGINATION TECHNOLOGIES
Canaccord Genuity has cut the chipmaker from “hold” to “sell” and lowered its target from 185p to 135p. The broker reckons Imagination is stuck between a rock and a hard place, with a slowing overall market compounded by stiff competition from larger manufacturers.