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Upgrades/Downgrades - 10 March 2014

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Stock Broker Update
Astrazeneca Barclays ups TP to 3800p from 3300p, Equalweight
Centrica Credit Suisse ups to neutral from underperform
Electrocomponents UBS removes from Most Preferred list, Buy
G4S UBS adds to Most Preferred list, neutral
Glaxosmithkline Barclays ups TP to 1780p from 1575p, Equalweight
Hikma Pharmaceuticals Citigroup ups TP to 1700p from 1260p, Buy
Hunting Canaccord Genuity ups TP to 950p from 900p, Buy
Japan Residential Investment Jefferies initiates with Buy rating
Rolls-Royce Liberum cuts TP to 1225p from 1300p , Buy
Shire Barclays ups TP to 3600p from 3275p, overweight
Shire Leerink ups TP to $190 from $170, outperform
Taylor Wimpey Numis downgrades to Hold from add
Whitbread Jefferies ups TP to 3900p from 3600p, Hold
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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