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Upgrades/Downgrades - 21 March 2014

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For a more detailed explanation of Upgrades/Downgrades see Link

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

Stock Broker Update
ASOS UBS cuts TP to 6200p from 6660p, neutral
Darty UBS cuts TP to 140p from 150p, Buy
Etalon Group Renaissance Capital cuts TP to $5.9 from $6.6, Buy
Hikma Pharmaceuticals Jefferies downgrades to Hold from Buy rating, ups TP to 1500p from 1250p
Intu Properties Jefferies cuts TP to 270p from 344p, Hold
Ladbrokes UBS cuts TP to 165p from 180p, Buy
Majestic Wine Liberum downgrades to sell from Hold; cuts TP to 350p from 535p
Meggitt UBS ups to Buy from neutral; cuts TP to 520p from 530p
Next Citigroup ups TP to 7400p from 7000p, Buy
Ophir Energy UBS cuts TP to 285p from 325p, neutral
Ophir Energy HSBC cuts TP to 450p from 500p, overweight
Resolution Barclays ups TP to 370p from 361p, overweight
Royal Bank of Scotland Barclays downgrades to Equalweight from overweight; TP to 300p from 370p
Royal Mail HSBC initiates with overweight rating; TP 710p
Wandisco UBS ups TP to 1535p from 1525p, Buy
William Hill UBS cuts TP to 420p from 450p, Buy
Wolseley Jefferies ups TP to 2720p, 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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