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Upgrades/Downgrades - 25 October 2013

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Stock Broker Update
AZ Electronic Materials Liberum cuts TP to 360p from 400p, Buy
British Land Company UBS ups to Buy
Hays Jefferies ups TP to 148p, Buy
Home Retail HSBC ups TP to 220p from 205p, overweight
Michael Page Jefferies ups TP to 580p, Buy
Mitie Group HSBC downgrades to underweight from neutral
Premier Oil RBC cuts TP to 520p from 570p, outperform
Shire UBS drops from most preferred list in European
Shire S&P Capital IQ ups to Buy from Hold
Shire Jefferies ups TP to 3100p from 2900p, Buy
Sthree Jefferies ups to Buy from Hold
Sthree Jefferies ups TP to 450p from 350p
WPP S&P Capital IQ ups TP to 1500p from 1350p, rating Buy
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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