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Upgrades/Downgrades - 25 September 2013

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For a more detailed explanation of Upgrades/Downgrades see Link

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

Stock Broker Update
Amec JP Morgan cuts TP to 1243p from 1301p, neutral
Amlin UBS ups to Buy from neutral; ups TP to 450p from 400p
Ashmore Group HSBC ups TP to 460p from 435p, overweight
BAE Systems UBS ups TP to 490p from 450p, Buy
Carnival Morgan Stanley downgrades to underweight from Equalweight
Carnival UBS cuts TP to 2200p from 2400p, neutral
Close Brothers UBS ups TP to 1250p from 1050p, neutral
Dialight N+1 Singer cuts TP to 1370p from 1617p, Buy
GKN UBS ups TP to 400p from 350p, Buy
Hays HSBC ups to overweight from neutral; ups TP to 140p from 93p
Inmarsat Barclays ups TP to 780p from 750p, overweight
J Sainsbury Jefferies ups TP to 385p from 330p, Hold
N Brown UBS ups TP to 565p from 445p, neutral
Smiths Group UBS downgrades to neutral from Buy; ups TP to 1450p from 1400p
STV Group Liberum ups TP to 370p from 360p, Buy
Tesco JP Morgan downgrades to underweight from neutral; cuts TP to 350p from 390p
UK Mail Investec ups TP to 630p from 600p, Buy
Source: Reuters News, AlphaTerminal, Dow Jones Newswires

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

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