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Best of the Brokers
HOME RETAIL GROUP
UBS maintains its “buy” rating for the consumer goods retailer, raising its target price from 115p to 120p. The broker will not change full-year 2013 PBT and outer year estimates.
APR ENERGY
Seymour Pierce has downgraded the power provider from “hold” to “reduce,” lowering its target price to 650p from 685p. The broker blamed low sales on delays in contract signatures.
RECKITT BENCKISER
Panmure Gordon maintains its “hold” rating for the consumer goods provider, raising its target price to 3650p from 3540p, after the reiterated full-year outlook.