BEST OF THE BROKERS
HSBC
Goldman Sachs rates the bank “buy” with a target price of 920p. The broker has raised its earnings forecasts for 2011-13 by up to seven per cent, arguing the market underestimates HSBC’s shift to growth markets.
WEIR GROUP
JP Morgan rates the engineer “overweight” and has raised its target price to 2150p. The broker has raised its earnings per share forecast by two per cent, expecting growth in Weir’s service pump business.
WILLIAM HILL
Citi rates the bookmakers a “buy” and has raised its target price from 230p to 260p. The broker prefers the firm to rival Labrokes, with William Hill continuing to gain market share on the back of online sales growth.