Best of the Brokers for 27 February 2014
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ASHMORE
UBS keeps its “hold” rating on the emerging markets investment group but cuts it target from 405p to 355p following results on Tuesday. While the broker thinks Ashmore’s long-term fundamentals are still strong, it believes fees could continue to fall short of forecasts.
888 HOLDINGS
Numis sticks to its “buy” rating and keeps a 220p target following the move by two US states to allow gambling revenues to move between states. The broker sees 888 as well-placed to take advantage of what could be an emerging national online poker market.
HISCOX
Westhouse has maintained its “neutral” recommendation and raised its target from 630p to 650p following disappointing 2013 results. The broker remains a fan of the business despite tough competition in Europe, and was cheered by a special dividend.