Best of the Brokers for 12 February 2014
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IMAGINATION TECHNOLOGIES
Investec maintained its “hold” rating for the processor maker with a target price of 170p. The broker said that the battle between Mediatek’s smartphone platform, containing Imagination’s chip, and rivals would be a risk during 2014 as Mediatek is its second largest royalty generator.
CATLIN GROUP
Canaccord Genuity maintained its “buy” rating for the insurance underwriter with a raised target price of 600p, from 555p. The broker said its new price for Catlin is based on the increased likelihood of special capital return on top of the five per cent increase in its regular dividend.