Best of the Brokers for 07 May 2014
To appear in Best of the Brokers, email your research to notes@cityam.com
BREWIN DOLPHIN
Panmure Gordon has started covering the wealth manager with a “buy” rating and 400p target. The broker reckons the recent changes to pensions and the spread of new technology in investment are creating the perfect storm for growth in firms like Brewin.
INTERCONTINENTAL HOTELS
UBS has cut the hotelier from “buy” to “neutral” but nudged its target price up from 2,200p to 2,225p. The broker is cheered by the firm’s capital return plans and expects demand to stay strong in Europe and China.