|  Updated: 

BEST OF THE BROKERS

By:

Add as a preferred source on Google

GKN
BoA Merrill Lynch reiterated its “buy” rating on GKN, saying that its 6:5 rights issue addressed its major concerns. The broker has new 2009-11 forecasts and a new price objective of 105p, down from 155p.

ANGLO AMERICAN
Royal Bank of Scotland lowered its earnings forecasts by one per cent on average for 2009-11 and upgraded its rating to “hold”, saying the miner will be able to claim some short-term victories.

KINGFISHER
Deutsche Bank said Kingfisher’s profits may have been boosted by good weather and that UK housing market gains will also help the stock, which it rates a “buy” with an increased price target of 245p.