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Upgrades/Downgrades - 4 April 2014

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Stock Broker Update
Fidessa Barclays ups TP to 2700p from 2500p, overweight
HSBC RBC cuts TP to 600p from 750p, sector perform
Pearson Jefferies ups to Buy from Hold rating, ups TP to 1184p from 1128p
Standard Chartered RBC cuts TP to 1375p from 1550p, sector perform
Synthomer Jefferies ups TP to 338p from 305p, Buy
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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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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