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*BNP RAISED TO BUY VS NEUTRAL AT UBS *BSKYB RAISED TO OUTPERFORM VS NEUTRAL AT MACQUARIE *EUROMONEY RAISED TO BUY VS NEUTRAL AT UBS *GALENICA CUT TO NEUTRAL VS BUY AT UBS *INTER RAO RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN *PUBLIC POWER CORP RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN *RENTOKIL RAISED TO BUY VS NEUTRAL AT BOFAML *SERCO RAISED TO BUY VS NEUTRAL AT BOFAML *SOCIETE GENERALE RAISED TO NEUTRAL VS SELL AT UBS *TAISEI RAISED TO NEUTRAL VS SELL AT AT CITI *TALKTALK RAISED TO OUTPERFORM VS NEUTRAL AT MACQUARIE

Down

*ATLAS COPCO CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY *ENKA INSAAT CUT TO NEUTRAL VS BUY AT UBS *EXPERIAN CUT TO SELL VS NEUTRAL AT GOLDMAN *UPM CUT TO SELL VS NEUTRAL AT UBS *VIG CUT TO REDUCE VS NEUTRAL AT NOMURA *ZOOPLUS CUT TO HOLD VS BUY AT DEUTSCHE BANK

PT Change

* CREDIT AGRICOLE PT INCREASED FROM 10.50 to 10.80 at UBS

Initiation

*ANTOFAGASTA RATED NEW OUTPERFORM AT BERNSTEIN, PT 1,100P

Country Sector Stock Call

*CREDIT AGRICOLE ADDED TO UBS’S KEY CALL LIST (full not attached) ***** *SOCGEN REMOVED FROM UBS’S LEAST PREFERRED LIST *NETHERLANDS CUT TO AA+ FROM AAA; OUTLOOK STABLE, S&P SAYS *S&P RAISES CYPRUS RATINGS TO ’B-/B’; OUTLOOK STABLE *S&P: SPAIN (KINGDOM OF) TO BBB-/STABLE FROM BBB-/NEGATIVEt