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Upgrades/Downgrades - 24 October 2013

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Stock Broker Update
BHP Billiton Jefferies ups TP to 2400p from 2350p, Buy
Brady Panmure initiates with Buy; TP 90p
Home Retail SocGen ups TP to 158p from 155p, sell
International Personal Finance HSBC downgrades to underweight from neutral, ups TP to 560p from 460p
Kazakhmys Jefferies cuts TP to 280p from 300p, Hold
Premier Oil Barclays cuts TP to 555p from 580p, overweight
Premier Oil Liberum ups to Hold from sell
Rio Tinto Jefferies ups TP to 4000p from 3600p, Buy
Tullett Prebon Morgan Stanley cuts TP to 343p from 351p, Equalweight
Vedanta Resources Jefferies cuts TP to 1250p from 1350p, Hold
WPP Numis ups TP to 1450p from 1270p, add
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.

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