Best of the Brokers for 10 March 2015
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CLOSE BROTHERS
Canaccord Genuity downgraded the financial services group from a “buy” to a “hold” rating, ahead of its results which are expected to show strong returns from its banking division and difficult market conditions in its securities division. Target price is unchanged at 1,800p.
CLARKSON
Panmure Gordon reiterated its “buy” rating on the shipbroker, after the group delivered results ahead of expectations. The broker said Clarkson “is in an excellent position to capitalise on recovering shipping and capital markets in the medium to longer term”.
CINEWORLD
Numis reiterated its “hold” rating on the cinema group, ahead of its full year results. The broker noted that profit before tax is expected to be up by 54 per cent, in large part due to the acquisition of Cinema City, and forecast further growth in 2015 and 2016.