Up
*ACCOR RAISED TO BUY VS NEUTRAL AT CITI *PHILIPS ELECTRONICS RAISED TO BUY VS NEUTRAL AT GOLDMAN *POLAR CAPITAL RAISED TO ADD VS HOLD AT NUMIS *RALLYE RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN *UBI RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE *WHITBREAD RAISED TO BUY VS NEUTRAL AT CITI
Down
*ANDRITZ CUT TO SELL VS HOLD AT BAADER *FLSMIDTH CUT TO NEUTRAL VS BUY AT GOLDMAN *GEBERIT CUT TO SELL VS NEUTRAL AT GOLDMAN *GIVAUDAN CUT TO HOLD VS BUY AT LIBERUM *MAIRE TECNIMONT CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA *METSO OYJ CUT TO SELL VS NEUTRAL AT GOLDMAN *MOTOR OIL HELLAS RAISED TO BUY VS NEUTRAL AT UBS *NESTE OIL RAISED TO NEUTRAL VS SELL AT UBS *OUTOTEC CUT TO SELL VS NEUTRAL AT GOLDMAN *SYMRISE CUT TO SELL VS HOLD AT LIBERUM
PT Changes
*SWEDBANK, UBS EXIT CONVICTION LIST OUTPERFORM AT MACQUARIE *INTESA PT RAISED TO EU1.45 VS EU1.1 AT CITI; KEPT AT SELL *MEDIOBANCA PT RAISED TO EU7.2 VS EU6 AT CITI; KEPT AT BUY *Monte Paschi PT Raised to EU0.19 vs EU0.17 at Citi *Pop. Milano PT Raised to EU0.51 vs EU0.4 at Citi *SARAS PT CUT TO EU1 VS EU1.1 AT UBS; KEPT AT NEUTRAL *UBI PT RAISED TO EU4.7 VS EU3.5 AT CITI; KEPT AT NEUTRAL *UNICREDIT PT RAISED TO EU5.8 VS EU4.25 AT CITI; KEPT AT NEUTRAL
Initiation
*CNH INDUSTRIAL RATED NEW UNDERPERFORM AT MACQUARIE, PT EU8 *DCC RATED NEW EQUALWEIGHT AT BARCLAYS; PT 2,493P *DIPLOMA RATED NEW OVERWEIGHT AT BARCLAYS; PT 715P *ENTERTAINMENT ONE RATED NEW OVERWEIGHT AT JPMORGAN; PT 274P *FERRAGAMO RATED NEW NEUTRAL AT UBS; PT EU27 *OSRAM LICHT RATED NEW UNDERWEIGHT AT BARCLAYS; PT EU31
Country Sector Stock Call
*POPULAR ADDED TO MACQUARIE CONVICTION LIST UNDERPERFORM *DEUTSCHE BANK ADDED TO MACQUARIE CONVICTION LIST UNDERPERFORM *CREDIT SUISSE ADDED TO CONVICTION LIST OUTPERFORM AT MACQUARIE *DANSKE, SANTANDER EXIT MACQUARIE CONVICTION LIST UNDERPERFORM *MUNICH RE REMOVED FROM EUROPEAN ANALYST FOCUS LIST AT JPMORGAN *SEB, BNP ADDED TO CONVICTION LIST OUTPERFORM AT MACQUARIE *STANDARD LIFE ADDED TO EUROPEAN ANALYST FOCUS LIST AT JPMORGAN *UNICREDIT EXITS EUROPE BANK CONVICTION PORTFOLIO AT MACQUARIE