Best of the Brokers for 29 July 2015
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DFS FURNITURE
Berenberg said the retailer’s recent pre-close trading update showed a solid performance, prompting the broker to increase its price target to 350p from 345p while reiterating “buy”. Cash generation remains robust and the broker forecasts a full year dividend yield of around two per cent.
MERLIN ENTERTAINMENTS
Analysts at Barclays have downgraded their full-year earnings per share forecasts for Merlin Entertainments after a tragic accident at Alton Towers caused the company to issue a significant profit warning earlier this week. The bank kept its “overweight” rating but lowered its price target.