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Upgrades/Downgrades - 18 February 2014

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

Stock Broker Update
Aeorema Communications Cantor initiates with Buy; TP 90p
Anglo American CIBC ups TP to 1800p from 1550p
BAE Systems Bernstein ups TP 496p from 485p, market perform
Barclays Jefferies cuts TP to 360p from 364p, Buy
Coca Cola HBC AG SocGen cuts TP to 1340P from 1520P, sell
DCC JP Morgan cuts TP to 2,997p from 3,074p, overweight
Euromoney Institutional Investor UBS ups TP to 1500p from 1350p, Buy
Evraz Barclays cuts TP to 75p from 122p, underweight
Firstgroup JP Morgan ups TP to 165p from 150p, overweight
Go-Ahead Group JP Morgan ups TP to 2100p from 1800p, overweight
Hammerson Jefferies ups TP to 554p from 540p, Hold
Hammerson Morgan Stanley ups TP to 570p from 560p, Equalweight
Hutchison China MediTech Panmure ups TP to 750p from 725p, Buy
Polymetal International Barclays ups TP to 550p from 500p, underweight
Polyus Gold International Barclays ups TP to 160p from 150p, underweight
Quindell Canaccord Genuity ups TP to 87p from 75p, Buy
Rolls-Royce Citigroup downgrades to neutral from Buy; TP to 1070p from 1280p
Shire Jefferies ups TP to $170 from $165, Buy
Stagecoach Group JP Morgan ups TP to 410p from 390p, overweight
Tate & Lyle Berenberg cuts TP to 775p from 900p, Buy
Tullow Oil Bernstein cuts TP to 1450p from 1600p, outperform
WM Morrison Supermarkets JP Morgan cuts TP to 190p from 210p, underweight
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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