CEEMEA Companies。    RECOMMENDATION CHANGE。    Harmony (Hold, TP ZAR20.00) - Making the grade: upgrade to Hold。    TARGET PRICE CHANGE。    Truworths (buy, TP ZAR92.00) - Room to grow credit market share underpinsinvestment case。    COMPANY UPDATE。    Gold Fields (Hold, TP ZAR53.00) - Gotta spend money to make money。    KGHM Alert (Hold, TP PLN128.00) - 2Q/1H17IFRS results: a touch weaker thanDBe。    PHOSAGRO Alert (Hold, TP USD13.00) - 2Q/1H17IFRS results preview: stableperformance expected。    South32Alert (Hold, TP GBP160.00) - FY17results preview。    TMK Alert (Buy, TP USD7.00) - 2Q/1H17IFRS results review: underlyingperformance disappoints。

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