>>> Up
*NOVOLIPETSK STEEL RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*PREMIER FOODS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*STALPRODUKT RAISED TO BUY VS HOLD AT ING
*UC RUSAL RAISED TO OVERWEIGHT VS UNDERWEIGHT AT JPMORGAN
*WOOLWORTHS HOLDINGS RAISED TO BUY VS HOLD AT RENAISSANCE
>>> Down
*BPOST CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*FRAPORT CUT TO SECTOR PERFORM AT RBC CAPITAL
*MEGAFON CUT TO NEUTRAL VS BUY AT UBS
*VALLOUREC CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*VALLOUREC CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*VALLOUREC CUT TO NEUTRAL VS OUTPERFORM AT EXANE
>>> PT Change
*VESTAS PT RAISED TO DKK340 VS DKK300 AT NORDEA; BUY MAINTAINED
>>> Initiation
* ACCOR REINITIATED OUTPERFORMED AT EXANE PT 46
* ALPHA BANK RATED NEW NEUTRAL AT CREDIT SUISSE; PT EU0.80
* INTERCONTINENTAL REINITIATED UNDERPERFORMED AT EXANE PT 2,200p
*NBG RATED NEW OUTPERFORM AT CREDIT SUISSE; PT EU3.6
*UCB RATED NEW BUY AT CITI, PT EU75
*WHITBREAD REINITIATED OUTPERFORM AT EXANE, PT 5,000P
>>> Call
>> Sector
*Exane Reinitiates European Hotels Stocks, Rezidor (PT SK53), Accor (EU46), Whitbread (5,000p) rated outperform, NH Hoteles rated neutral, PT EU4.5; InterContinental rated underperform PT 2,200p