Up
*AHOLD RATED NEW OUTPERFORM AT BERNSTEIN; PT EU17.5 *AXA RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS *BAE SYSTEMS RAISED TO SECTOR PERFORM VS UNDERPERFORM AT RBC *CASINO RATED NEW OUTPERFORM AT BERNSTEIN; PT EU100 *CREDIT AGRICOLE RAISED TO BUY VS NEUTRAL AT NOMURA *DAILY MAIL RAISED TO OVERWEIGHT VS EQUALWEIGHT:MORGAN STANLEY *GENERALI REINSTATED AT OVERWEIGHT AT BARCLAYS; PT EU19.6 *GETINGE RATED NEW BUY AT SOCGEN, PT SEK267 *GJENSIDIGE RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS *INTESA RAISED TO BUY VS NEUTRAL AT NOMURA *MAPFRE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS *METRO RATED NEW OUTPERFORM AT BERNSTEIN; PT EU42 *MOL RAISED TO NEUTRAL VS SELL AT UBS *MOL RAISED TO OVERWEIGHT AT HSBC *MORRISONS RATED NEW MARKET PERFORM AT BERNSTEIN; PT 270P *NOBEL BIOCARE RAISED TO EQUALWEIGHT AT MORGAN STANLEY *PIRAEUS BANK RAISED TO NEUTRAL VS REDUCE AT NOMURA *PLAYTECH RATED NEW BUY AT UBS, PT 820P *PUBLIC POWER CORP RATED NEW OVERWEIGHT AT HSBC *SAINSBURY’S RATED NEW MARKET PERFORM AT BERNSTEIN; PT 430P *SASOL RAISED TO BUY VS NEUTRAL AT CITI *SEB RAISED TO NEUTRAL AT HSBC *SMITH & NEPHEW RAISED TO OVERWEIGHT AT MORGAN STANLEY *STRAUMANN RAISED TO EQUALWEIGHT VS UNDERWEIGHT: MORGAN STANLEY *TESCO RATED NEW UNDERPERFORM AT BERNSTEIN; PT 300P *TOD’S SPA RATED NEW OUTPERFORM AT CREDIT SUISSE, PT EU140 *UNIPOL RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS *WILLIAM HILL RAISED TO BUY VS NEUTRAL AT UBS
Down
*ALPHA BANK CUT TO REDUCE VS NEUTRAL AT NOMURA *AMLIN CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *AVANGARD CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *BNP CUT TO NEUTRAL VS BUY AT NOMURA *CARREFOUR RATED NEW UNDERPERFORM AT BERNSTEIN; PT EU23 *CNP ASSURANCES CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS *CONTINENTAL CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *DNB CUT TO NEUTRAL VS BUY AT NOMURA *HOCHSCHILD MINING CUT TO NEUTRAL VS BUY AT UBS *HSBC CUT TO NEUTRAL VS BUY AT NOMURA *JULIUS BAER CUT TO NEUTRAL VS BUY AT NOMURA *OCEANA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE *RUSHYDRO CUT TO SELL VS NEUTRAL AT GOLDMAN *SONOVA CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
PT Change
*DAILY MAIL PT RAISED TO 1,085P VS 800P AT MORGAN STANLEY *Popolare Milano PT Raised to EU0.5 vs EU0.46 at Nomura *UBI PT RAISED TO EU5.8 VS EU4 AT NOMURA; KEPT AT BUY *UNICREDIT PT RAISED TO EU4.5 VS EU4 AT NOMURA; KEPT AT REDUCE
Initiation
*AHOLD RATED NEW OUTPERFORM AT BERNSTEIN; PT EU17.5 *CARREFOUR RATED NEW UNDERPERFORM AT BERNSTEIN; PT EU23 *CASINO RATED NEW OUTPERFORM AT BERNSTEIN; PT EU100 *GENERALI REINSTATED AT OVERWEIGHT AT BARCLAYS; PT EU19.6 *GETINGE RATED NEW BUY AT SOCGEN, PT SEK267 *METRO RATED NEW OUTPERFORM AT BERNSTEIN; PT EU42 *MORRISONS RATED NEW MARKET PERFORM AT BERNSTEIN; PT 270P *PLAYTECH RATED NEW BUY AT UBS, PT 820P *PUBLIC POWER CORP RATED NEW OVERWEIGHT AT HSBC *SAINSBURY’S RATED NEW MARKET PERFORM AT BERNSTEIN; PT 430P *TESCO RATED NEW UNDERPERFORM AT BERNSTEIN; PT 300P *TOD’S SPA RATED NEW OUTPERFORM AT CREDIT SUISSE, PT EU140
Country Sector Stock Call
Country :
*FRANCE STOCKS CUT TO UNDERWEIGHT VS BENCHMARK AT CREDIT SUISSE *UK EQUITIES CUT TO BENCHMARK VS OVERWEIGHT AT CREDIT SUISSE *CZECH STOCKS RAISED TO OVERWEIGHT AT BOFAML
Sector :
*European Telcos Near Five-Year High as Revenue Declines Continue {NSN MX6TSA6TTDSA <go>}
STock
*EDENRED REMOVED FROM UBS’S LEAST PREFERRED LIST *LADBROKES ADDED TO UBS’S LEAST PREFERRED LIST *RUSHYDRO ADDED TO GOLDMAN’S CEEMEA FOCUS LIST *SODEXO REMOVED FROM UBS’S MOST PREFERRED LIST *WILLIAM HILL ADDED TO UBS’S MOST PREFERRED LIST