>>> Brokers Ups & Downs

Up

*ASHTEAD GROUP RAISED TO OVERWEIGHT AT NEUTRAL AT JPMORGAN *BAUER RAISED TO BUY VS NEUTRAL AT GOLDMAN *BUZZI UNICEM RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA *CSR RAISED TO NEUTRAL VS SELL AT UBS *DAIMLER RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX *DEUTZ RAISED TO NEUTRAL VS SELL AT GOLDMAN *GPW RAISED TO BUY VS NEUTRAL AT CITI *KONECRANES RAISED TO BUY VS NEUTRAL AT GOLDMAN *PALFINGER RAISED TO NEUTRAL VS SELL AT GOLDMAN *STORA ENSO RAISED TO BUY VS NEUTRAL AT GOLDMAN *TREVI FINANZIARIA RAISED TO BUY VS NEUTRAL AT GOLDMAN *UPM-KYMMENE RAISED TO BUY VS NEUTRAL AT GOLDMAN *WACKER NEUSON RAISED TO NEUTRAL VS SELL AT GOLDMAN *ZURICH INSURANCE RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN

Down

*BREMBO CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA *DASSAULT SYSTEMES CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC *DOMINO PRINTING SCIENCES CUT TO NEUTRAL VS BUY AT GOLDMAN *GEORG FISCHER CUT TO SELL VS NEUTRAL AT GOLDMAN *GRAFTON GROUP CUT TO SELL VS NEUTRAL AT GOLDMAN *INTESA CUT TO REDUCE VS HOLD AT BANCA AKROS *KIER GROUP CUT TO SELL VS NEUTRAL AT GOLDMAN *KINGSPAN GROUP CUT TO NEUTRAL VS BUY AT GOLDMAN *Konecranes Cut to Sell from Hold at Nordea *MONTE PASCHI CUT TO SELL VS REDUCE AT BANCA AKROS *NEOPOST CUT TO SELL VS NEUTRAL AT GOLDMAN *OXFORD INSTRUMENTS CUT FROM CONVICTION BUY AT GOLDMAN *POP. EMILIA CUT TO REDUCE VS HOLD AT BANCA AKROS *RENISHAW CUT TO NEUTRAL VS BUY AT GOLDMAN *ROCKWOOL INTERNATIONAL CUT TO NEUTRAL VS BUY AT GOLDMAN *ROYAL BOSKALIS WESTMINSTER CUT TO NEUTRAL VS BUY AT GOLDMAN *SARAS CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA *SEVERN TRENT CUT TO SELL VS HOLD AT SOCGEN *SPIRENT CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *UBI CUT TO REDUCE VS HOLD AT BANCA AKROS *UNICREDIT CUT TO HOLD VS ACCUMULATE AT BANCA AKROS *VISCOFAN CUT TO NEUTRAL VS BUY AT GOLDMAN *WILLIAM DEMANT CUT TO NEUTRAL VS BUY AT GOLDMAN

PT Changes

*BMW PT RAISED TO EU100 VS EU90 AT BERNSTEIN, STAYS OUTPERFORM *Buzzi Unicem PT Raised to EU13.2 vs EU12.7 at Deutsche Bank

Initiation

*NATIXIS RESTARTED NEUTRAL AT JPMORGAN, PT EU4 *SEAMLESS DISTRIBUTION RATED NEW BUY AT BERENBERG; PT SEK112

Country Sector Stock Call

*CGG ADDED AS A LEAST PREFERRED STOCK AT CITI *GIVAUDAN REMOVED FROM UBS’S MOST PREFERRED LIST *MAN GROUP ADDED TO UBS’S MOST PREFERRED LIST *SCHRODERS ADDED TO UBS’S LEAST PREFERRED LIST *TECHNIP ADDED AS A MOST PREFERRED STOCK AT CITI