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Upgrades/Downgrades - 23 January 2013

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Associated British Foods Jefferies ups TP to 1,650p from 1,365p, Hold
Croda International Berenberg ups TP to 2700p from 2600p, Buy
Easyjet Morgan Stanley ups TP to 1000p from 850p, overweight
Ferrexpo Seymour Pierce cuts TP to 373p from 464p, Buy
Fresnillo Deutsche Bank cuts TP to 1705p from 1800p, Hold
Kingfisher Deutsche Bank cuts TP to 290p from 300p, Hold
Rightmove Barclays ups to overweight from Equalweight; TP to 1950p from 1740p
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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