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BEST of the BROKERS
LOGICA
Deutsche Bank has upgraded the business and technology service company from “hold” to “buy” with an target price of 100p after stable first quarter growth and guidance that full year revenue is on track.
PEARSON
JP Morgan Cazenove has kept its “overweight” rating on the publisher and upped its target price from 1,440p to 1,445p, seeing a strong growth story that is likely to outperform as investors turn to defensives.
KESA
Investec has upgraded the electrical retailer from “sell” to “hold” despite lowering forecasts ahead of final quarter results, seeing like-for-like sales down 6.1 per cent at Darty due to tough comparables.