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Upgrades/Downgrades - 1 August 2013

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For a more detailed explanation of Upgrades/Downgrades see Link

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

African Barrick Gold CIBC ups to sector performer from sector underperformer
Berkeley Group Numis downgrades to add from Buy
Moneysupermarket.Com Investec cuts TP to 210p from 225p, Buy
Next HSBC downgrades to neutral from overweight
Premier Foods Investec ups TP to 120p from 95p, Buy
Premier Oil HSBC ups TP to 510p from 500p, overweight
Promethean World Investec ups to Buy from Hold
Salamander Energy RBC cuts TP to 250p from 360p, outperform
Spectris Investec ups TP to 2500p from 2330p, Buy
Taylor Wimpey Liberum ups TP to 113p from 108p, Hold
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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