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Upgrades/Downgrades - 6 June 2013

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Amerisur Resources RBC ups TP to 100p from 90p, top pick
BT Group Liberum ups TP to 345p from 315p, Buy
Invensys Morgan Stanley ups TP to 440p from 390p, overweight
Johnson Matthey JP Morgan ups TP to 2600p from 2150p, neutral
Lloyds Banking Group SocGen ups TP to 74p from 64p, Buy
Optos Investec ups to reduce from sell; cuts TP to 124p from 157p
Restaurant Group Jefferies ups TP to 575p from 500p, 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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