Best of the Brokers for 21 February 2014
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Canaccord Genuity downgraded the investment management company from “buy” to “hold” with a target price of 235p. The broker’s previous recommendation was based on the now-completed turnaround reorganisation. Canaccord now recommends profit taking.
BIG YELLOW GROUP
Jefferies retained its “buy” rating for the self-storage firm, but raised its target price from 540p to 618p. The broker said the strengthening economic background gauged by increasing housing transaction volumes had led it to improve Big Yellow’s target price
Numis sticks to its “buy” rating on the business-to-business magazine and digital publishing company with a target price of 82p following the firm’s good set of 2013 results. The broker said that its 2014 outlook for Centaur remained unchanged following its performance.