To appear in Best of the Brokers, email your research to notes@cityam.com

DR MARTENS

P 210 205 7 Dec 195.4 200 195 1 Dec 2 Dec 5 Dec 6 Dec 7 Dec

Peel Hunt downgraded its target price for Dr Martens by 75p yesterday to 400p following the shoemakers forecast downgrade. The broker kept the firm's add rating, noting its opportunity to boost awareness in Europe and US. Sales penetration is 32 pairs per 1,000 people in the UK, which drops to 17 pairs across the Atlantic - which Peel Hunt says represents an opportunity compared to the wider market.

MUSICMAGPIE 28

P 26 24 22 20 21.35 18 7 Dec 1 Dec 2 Dec 5 Dec 6 Dec 7 Dec

Musicmagpie nabbed a buy rating from Peel Hunt yesterday after it posted a record Black Friday week. The broker said it was a "testament to its intrinsic business model" and the rental offering provides a much lower entry point for the squeezed consumer. It gave the online retailer that sells refurbished electronics and video games a target price of 68p.

(c) 2022 City A.M., source Newspaper