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Upgrades/Downgrades - 17 September 2013

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For a more detailed explanation of Upgrades/Downgrades see Link

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

Aggreko Credit Suisse downgrades to underperform from neutral; cuts TP to 1400p from 2000p
Associated British Foods Nomura ups TP to 1670p from 1650p, reduce
Aviva Berenberg downgrades to sell from Hold
Bunzl Deutsche Bank ups TP to 1426p from 1160p, Hold
Burberry Nomura ups TP to 1630p from 1540p, neutral
EVRAZ Citigroup downgrades to neutral from Buy; TP to 159P from 221P
G4S UBS ups TP to 250p from 230p, neutral
GlaxoSmithKline Deutsche Bank ups TP to 1960p from 1850p, Buy
Glencore Xstrata UBS downgrades to neutral from Buy
Glencore Xstrata Credit Suisse ups TP to 400p from 380p, outperform
Go-Ahead Group JP Morgan ups to overweight from neutral
ITV Liberum ups TP to 230p from 200p, Buy
Legal & General Berenberg ups TP to 225p from 210p, Buy
National Express JP Morgan ups TP to 280p from 219p, neutral
Old Mutual ABSA Capital cuts TP to 225p from 240p, overweight
Resolution Berenberg downgrades to sell from Hold
Royal Bank of Scotland UBS downgrades to neutral from Buy
Serica Energy RBC cuts TP to 35p from 40p, outperform
Severstal Citigroup downgrades to neutral from Buy
St. James’s Place Berenberg ups to Buy from Hold
Stagecoach Group JP Morgan ups to overweight from neutral
Standard Life Berenberg ups to Hold from sell
Vesuvius Morgan Stanley downgrades to underweight from Equalweight, ups TP to 425p from 369p
Source: Reuters News, AlphaTerminal, Dow Jones Newswires

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

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