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Upgrades/Downgrades - 24 January 2013

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

Ashtead Group Jefferies ups TP to 525p from 450p, Buy
Aviva Berenberg cuts TP to 470p from 480p, Buy
British Sky Broadcasting Investec ups TP to 870p from 850p, Buy
British Sky Broadcasting Barclays ups TP to 840P from 780P
Daily Mail and General Trust Barclays ups TP to 605P from 560P
Darty UBS downgrades to neutral from Buy; TP to 60p from 65p
Hochschild Mining JP Morgan cuts TP to 450p from 515p, neutral
Inchcape Nomura ups TP to 485p from 440p, neutral
Informa Barclays ups TP to 545P from 490P
ITV Barclays ups TP to 110P from 95P
Quintain Estates and Development JP Morgan ups TP to 75p from 65p, overweight
Trinity Mirror Barclays ups TP to 105P from 69P
UBM Barclays ups TP to 830P from 820P
William Hill Barclays ups TP to 290p from 280p, underweight
WPP Barclays ups TP to 1100p from 940p
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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