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Upgrades/Downgrades - 6 February 2013

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

ARM Holdings Barclays ups TP to 1075p from 1000p, overweight
BG Group Barclays cuts TP to 1420p from 1450p, overweight
BT Group Berenberg ups TP to 280p from 260p, Buy
Centrica Berenberg Bank downgrades to Hold from Buy; ups TP to 370p from 365p
Enterprise Inns Barclays ups to overweight from Equalweight; TP to 125p from 90p
Greene King Barclays ups TP to 735p from 625p, Equalweight
Lonrho Jefferies downgrades to Hold from Buy; TP to 7p from 15p
Marston’s Barclays ups TP to 150p from 140p, overweight
Mitchells and Butlers Barclays ups TP to 400p from 360p, overweight
Shanks Group Jefferies cuts TP to 89p from 95p, Hold
Spirit Pub Company Barclays downgrades to Equalweight from overweight; ups TP to 75p from 70p
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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