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Upgrades/Downgrades - 27 March 2013

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For a more detailed explanation of Upgrades/Downgrades see Link

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

British Land SocGen ups to Buy from Hold
Carillion RBC cuts TP to 285p from 300p, sector perform
Compass Group Morgan Stanley ups TP to 810p from 730p, equal-weight
Compass Group Kepler ups TP to 780p from 700p, reduce
Derwent London SocGen ups to Hold from sell; TP to 2390p from 2010p
Great Portland Estates SocGen ups to Hold from sell; TP to 530p from 480p
Hammerson SocGen ups TP to 610p from 570p, Buy
Intu Properties SocGen ups to Hold from sell; TP to 330p from 320p
Kazakhmys SocGen ups to Buy from sell, cuts TP to 478p from 575p
Kingfisher SocGen cuts TP to 293p from 296p, Hold
Land Securities SocGen ups TP to 900p from 830p, Hold
Premier Oil Liberum downgrades to sell from Hold, cuts TP to 313p from 352p
Proactis Holdings Finncap ups TP to 40p from 30p
Produce Investments Investec cuts TP to 147p from 156p, Hold
Reed Elsevier Berenberg ups to Buy from Hold, ups TP to 800P from 650P
Safestore Holdings Espirito Santo Investment Bank ups to Buy from neutral, ups fair value to 129p from 103p
SEGRO SocGen ups TP to 300p from 290p, Buy
Tate & Lyle Investec ups TP to 860p from 825p, Hold
Wolseley Jefferies ups TP to 2540p from 2500p, underperform
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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