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Upgrades/Downgrades - 10 April 2015

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For a more detailed explanation of Upgrades/Downgrades see Link

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

Stock Broker Broker Rating Action Previous Close (p) Target Price (p) Action Distance to TP
Upgrades
Reckitt Benckiser UBS Buy 6001 6505 8.40%
Downgrades
Kingfisher Societe Generale Sell 367.1 317 -13.65%
TP Changes
Rightmove Jefferies Underperform 3147 2131 -32.28%
Galliford Try Jefferies Hold 1481 1485 0.27%
Royal Dutch Shell Nomura Buy 2032 2200 8.27%
Weir Group Jefferies Hold 1767 1715 -2.94%
BG Group UBS Buy 1160 1332 14.83%
Marks & Spencer JPMorgan Overweight 565.5 600 6.10%

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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