Best of the Brokers for 14 October 2013
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Peel Hunt has a “buy” rating and 181p target price ahead of the gaming group’s trading update on Wednesday. The broker thinks third-quarter sales have dropped two to three per cent on the previous three months, following “several years of exceptional performance”.
AGGREKO
Canaccord Genuity has started covering the temporary power generator with a “sell” rating and target of 1,237p. The broker thinks the current share price fails to reflect slower sales in emerging economies or recent currency movements that will drag on Aggreko’s revenues.
WH SMITH
Cantor Fitzgerald keeps its “buy” and lifts its target from 900p to 950p after the retailer’s annual results. The broker expects the firm to continue delivering double-digit earnings per share growth under new boss Steve Clark.