first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp KCS-content Tags: NULL Wednesday 27 October 2010 7:58 pm SMITHS NEWSAltium Securities rates the media distributor a “buy” with a target price of 143p. The broker says the firm’s 6.8 per cent dividend yield looks attractive, and that business developments in the pipeline will increase growth in the next 12 to 18 months. Altium has also raised its pre-tax profit forecasts following stronger than expected full year results last week.DEBENHAMSUBS rates the department store a “buy” with a 12-month target price of 90p. Lower debt levels and a commitment to restore the dividend next year means the traditional discount on Debenhams shares is likely to narrow, the broker believes. UBS has raised its full-year pre-tax profit forecast for 2013 by three per cent due to an increase in gross margins. center_img Show Comments ▼ whatsapp ARBUTHNOTNumis has downgraded the banking group to “hold” from “buy” and cut its target price by 24 per cent to 367p. The broker has also reduced its 2010 pre-tax profit estimates to £4.9m from £7m due to a weaker-than-expected third quarter update. It believes Arbuthnot’s private banking arm is trading in line with forecasts, but its securities business currently has a weaker-than-expected performance. BEST OF THE BROKERS Sharelast_img read more