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Upgrades/Downgrades - 18 March 2014

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

Ashtead Group UBS ups TP to 1020p from 875p, Buy
Fresnillo CIBC downgrades to sector underperformer from sector performer
Gem Diamonds Finncap ups TP to 211p, Buy
Great Portland Estates UBS ups TP to 705p from 670p, Buy
Gulf Keystone Petroleum Cantor cuts TP to 154p from 183p, Buy
Henderson Group SocGen ups TP to 240p from 210p, Hold
Interserve Numis ups TP to 718p from 565p, add
Mecom Group Numis ups TP to 155p from 150p, Buy
Premier Foods UBS ups TP to 115p from 65p, sell
RSA Insurance Group Berenberg cuts TP to 92.6p from 112p, Hold
Tate & Lyle Jefferies cuts TP to 730p from 900p, Buy
Tui Travel Barclays ups TP to 500p from 445p, overweight
Unite Group Jefferies ups TP to 497p from 465p, 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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