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Upgrades/Downgrades - 14 March 2013

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

Antofagasta Citigroup ups TP to 1000p from 990p, sell
AstraZeneca Exane BNP Paribas ups TP by 3 percent to 3,100p, neutral
Aviva Bernstein cuts TP to 360p from 410p, market-perform
AZ Electronic Materials Liberum initiates with Buy rating; TP of 440p
British Land Deutsche Bank cuts TP to 720P from 740P
easyJet UBS ups TP to 1,175p from 1,000p, Buy
Faroe Petroleum Liberum initiates with Buy rating; TP of 198p
Faroe Petroleum HSBC initiates with overweight rating
Ferrexpo Deutsche Bank cuts TP to 370P from 390P
G4S Jefferies ups TP to 340p from 275p, Buy
G4S Exane BNP Paribas ups TP by 12 percent to 330p, outperform
Hikma UBS ups TP to 805p from 755p, sell
Hochschild Mining SocGen cuts TP to 300p from 330p, sell
IG Group Citigroup ups TP to 625p from 500p, Buy
Intu Properties UBS cuts TP to 345p from 365p, neutral
MAN Group RBC ups TP to 100p from 95p, sector perform
MAN Group Citigroup names as a Least Preferred stock
Meggitt Citigroup downgrades to neutral from Buy; ups TP to 500p from 450p
Perform Group UBS ups TP to 490p from 425p, Buy
RPS Group Investec ups TP to 310p from 275p; raing Buy
Smiths News Liberum ups TP to 188p from 170p, Buy
ST Ives N+1 Singer ups TP to 172p from 129p, Buy
Thomas Cook UBS ups TP to 125p from 100p, Buy
Thomas Cook Morgan Stanley ups TP to 150P from 100P
Thomas Cook HSBC ups TP to 130P from 100P
Thomas Cook Morgan Stanley ups TP to 150P from 100P
Vesuvius UBS ups TP to 375p from 315p, neutral
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.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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