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Best of the Brokers
BOOKER GROUP
Investec upped its target price from 104p to 108p and reiterated “buy”. The broker said recent results showed Booker’s core still business has excellent momentum despite weather challenges.
ARM HOLDINGS
Jefferies has raised its target price from 485p to 693p and kept its “hold” rating after Arm posted better-than-expected quarterly figures last week and a positive fourth quarter outlook.
DIRECT LINE
Credit Suisse has initiated coverage of Direct Line with an “outperform” rating and a 225p target price. With a forecast dividend yield of 6.3 per cent, it said the firm offers solid cash returns.