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Upgrades/Downgrades - 5 August 2013

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Key: (?) = Upgraded, (?) = Downgraded, (-) = Maintained

Company Broker Update
Aggreko Panmure Gordon, cuts TP to 1822p from 2106p: Buy
Atkins (WS) Jefferies ups TP to 1075p from 950p; Hold
Babcock International UBS ups TP to 1150p from1050p; Neutral
Cineworld N+1 Singer upgrades to Buy from hold; TP to 402p from 357p
Drax Group Goldman Sachs upgrades to Buy/Neutral; Ups TP to 900p from 684p
Filtronic Panmure Gordon ups TP to 90p from 79p; Buy
Inchcape Panmure Gordon, ups TP to 675p from 600p: Buy
Lloyds Barclays upgrades to Overweight from Equalweight; Ups TP to 85p from 65p
Man Group Credit Suisse ups TP to 107p from 90p; Neutral
Next UBS ups TP to 4880p from 4450p; Neutral
Randgold Resources GMP cuts TP to 5600p from 5900p; Buy
Rightmove Jefferies ups TP to 1588p from 1450p; Underperform
Rightmove Goldman Sachs ups TP to3950p from 2985p; Buy/Neutral
Rio Tinto RBC Capital Markets ups TP to 3500p from 3400p; Outperform
Source: Reuters News, AlphaTerminal, Dow Jones Newswires

Source: Bloomberg, Reuters News, AlphaTerminal, Dow Jones Newswires

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T111his research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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