Broker tips: easyJet, ARM, JD Wetherspoon

Jefferies has kept its 'hold' rating for easyJet but said it expects analysts to raise profit forecasts for the budget airline this year after a decent third quarter."Today's 3Q interim management statement confirms another solid summer in progress which we expect to drive consensus full-year profit upgrades," Jefferies said. While Jefferies believes that easyJet's valuation isn't overly demanding, the share price is now up with events and it sees more opportunity in sector peer Ryanair, "our preferred pick of the low cost carriers".Investec has placed its forecasts for chip designer ARM Holdings 'under review' but has maintained its 'buy' rating for the stock following its better-than-expected results for the second quarter on Wednesday.The broker said: "These results suggest this traction is very solid judging by the licence result, setting the business up for material royalty growth ahead, and we retain our positive view on the stock."Panmure Gordon has reiterated its 'buy' rating for the pubs group JD Wetherspoon on the back of a well-received fourth-quarter trading statement."The outlook for FY 2014E is more positive with 30 new pub openings now targeted (previously 20-25) and an indication that a margin of 8.7% is achievable if reasonable sales growth is achieved."BC