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Best of the Brokers for 17 September 2014
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GAME DIGITAL
Canaccord Genuity has kept its “buy” rating, and raised the target price to 300p from 270p. The broker thinks Game is the best performing retail IPO of the last year with shares up strongly since June, and is consolidating its dominant position in the Spanish market with store acquisitions.
VESUVIUS
UBS has upgraded to “buy” from “sell”, and raised the target price to 560p from 420p. The broker thinks there is a more positive outlook for European steel production, and also believes management is on track to achieve and perhaps exceed its margin improvement target for 2015.