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Upgrades/Downgrades - 12 February 2013

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Beacon Hill Resources Canaccord Genuity ups TP to 12p from 8p, Buy
Fidessa Canaccord Genuity ups TP to 1650p from 1400p, Hold
Immunodiagnostic Systems Canaccord Genuity ups TP to 322p from 278p, Hold
Mondi Jefferies ups TP to 860p from 760p, Buy
Petroneft Resources Canaccord Genuity cuts TP to 9p from 25p, Buy
Smith & Nephew Jefferies ups TP to 800p from 740p, Buy
Telecity Jefferies ups to Buy from Hold; TP to 1020p from 790p
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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