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*DAILY MAIL RAISED TO BUY VS HOLD AT LIBERUM *DRAX RAISED TO BUY VS HOLD AT LIBERUM *LANCASHIRE RAISED TO ADD VS HOLD AT NUMIS *NOVOLIPETSK RAISED TO BUY VS HOLD AT SOCGEN *PEUGEOT RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN *SANOFI RAISED TO BUY VS HOLD AT KEPLER *SEVERSTAL RAISED TO BUY VS HOLD AT SOCGEN

Down

*ACKERMANS CUT TO HOLD FROM BUY AT ING *DEBENHAMS CUT TO SELL VS NEUTRAL AT GOLDMAN *NESTE OIL CUT TO SELL VS NEUTRAL AT CITI *PEKAO CUT TO UNDERWEIGHT AT JPMORGAN

PT Changes

*ACKERMANS PT RAISED TO EU86 FROM EU84 AT ING *BEFIMMO PT RAISED TO EU48.90 FROM EU47.20 AT ING *KBC PT RAISED TO EU48.50 FROM EU38.50 AT ING

Initiation

*ARROW GLOBAL RATED NEW NEUTRAL AT GOLDMAN, PT 325P*MORPHOSYS RATED NEW OVERWEIGHT AT JPMORGAN, PT EU68

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