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Best of the Brokers for 28 May 2014
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GREAT PORTLAND ESTATES
Peel Hunt has upgraded its recommendation for the property firm to “buy” from “hold”, while increasing its target price to 720p from 620p. This broker thinks Great Portland’s pipeline in Central London is likely to increase as rents rise and supply remains constrained.
SPEEDY HIRE
Cantor Fitzgerald has upgraded the equipment hire firm to “hold” from “sell”, increasing its target price to 55p from 51p. Cantor believes new boss Mark Rogerson will bring discipline to the group’s strategy, but will await more stability in the international division before considering more upgrades.