Broker tips: Easyjet, Compass Group, Burberry

Numis Securities has lowered its recommendation for budget airline Easyjet from 'buy' to 'add' on the back of "near-term uncertainty".The broker said the "underlying investment case remains intact" but cut earnings estimates, saying that revenue per seat growth expectations are being tempered.Berenberg has maintained a positive view on Compass Group despite the catering giant's first-half results receiving a cool reaction from the market on Wednesday.The broker kept a 'buy' rating and 1,300p target price for the stock, saying: "We believe that it will continue to enjoy strong organic growth, driven by the underpenetration of the outsourcing market and positive employment rates."All eyes will be on the outlook at luxury fashion house Burberry when it reports its full-year results next week, according to broker Nomura which reiterated its 'buy' rating on the stock on Wednesday.The broker said Burberry trades at 21.4 times earnings, a warranted premium to the sector given the company's attractive digital-led strategy. Burberry is "well positioned for above-average growth" this year, while margins should improve, it said.