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Upgrades/Downgrades - 11 April 2014

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For a more detailed explanation of Upgrades/Downgrades see Link

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

Jefferies raises price target to 400p from 375p; rating buy Ashmore
Morgan Stanley cuts price target to 1495p from 1670p; rating overweight Hargreaves Lansdown
JPMorgan target price increased to 1030p Fresnillo
JPMorgan target price decreased to 1050p Betfair Group
JPMorgan target price decreased to 95p Ladrbokes
UBS target price increased to 213p Old Mutual
UBS Upgraded to Neutral; target price 360p BT Group
HSBC target price increased to 530p Aviva
HSBC target price increased to 275p Vodafone
HSBC target price increased to 350p Standard Life
HSBC Upgraded to Overweight Legal & General
Jefferies target price increased to 400p Ashmore Group
Sanford C. Bernstein target price increased to 3727p Astrazenca
Sanford C. Bernstein target price decreased to 1524p GlaxosmithKline
Panmure Gordon & Co target price decreased to 400p PZ Cussons
Berenberg Downgraded to Hold Weir Group
Berenberg upgraded to Buy; target price 1485p Smiths Group
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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