Attached GS note on Greek BAnks & European Telco
>>> Up
*BOLIDEN RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*GLAXO RAISED TO BUY VS SELL AT UBS (Glaxo Upgraded to Buy vs Sell at UBS Amid Earnings Turning Point)
*NN GROUP RAISED TO BUY VS NEUTRAL AT NOMURA
*SAS RAISED TO OVERWEIGHT AT HSBC
*STMICROELECTRONICS RAISED TO BUY FROM HOLD AT BAADER-HELVEA
>>> Down
*IMERYS CUT TO NEUTRAL VS BUY AT ODDO
*LEONI CUT TO SELL VS BUY AT BANKHAUS LAMPE
*MICHELIN CUT TO NEUTRAL VS BUY AT UBS
*MTU AERO ENGINES CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*PHILIPS CUT TO UNDERWEIGHT AT HSBC
*REXEL CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*TALKTALK CUT TO UNDERPERFORM VS HOLD AT JEFFERIES
*TNT EXPRESS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*TOTAL CUT TO NEUTRAL VS BUY AT UBS
>>> PT Change
*AHOLD PT RAISED TO EU16.80 FROM EU15.50 AT ING; HOLD MAINTAINED
*COLRUYT PT RAISED TO EU40 FROM EU36 AT ING; HOLD MAINTAINED
*DELHAIZE PT RAISED TO EU87 FROM EU70 AT ING; BUY MAINTAINED
>>> Initiation
*APR ENERGY RESUMED BUY AT NUMIS, PT 374P
>>> Call
>> Stock
*CRH ADDED TO EUROPE 1 LIST AT BOFAML