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*ACS RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *ANTOFAGASTA RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *AURUBIS RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *GENERAL RETAIL RAISED TO NEUTRAL VS UNDERWEIGHT AT BOFAML *INTERPUMP RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA *NUTRECO RAISED TO BUY VS NEUTRAL AT GOLDMAN *POST NL RAISED TO OUTPERFORM AT CREDIT SUISSE *RWE RAISED TO STRONG BUY VS UNDERPERFORM AT RAYMOND JAMES *SYNERGY HEALTH RAISED TO BUY VS NEUTRAL AT CITI *YARA RAISED TO BUY VS HOLD AT DNB
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*ASML CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY *ASML CUT TO NEUTRAL VS OVERWEIGHT AT HSBC *BANCO POPULAR CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA *DANONE CUT TO NEUTRAL VS BUY AT CITI *DANONE CUT TO HOLD VS BUY AT KEPLER CHEUVREUX *DEUTSCHE TELEKOM CUT TO NEUTRAL VS BUY AT BOFAML *E.ON CUT TO SELL VS NEUTRAL AT UBS *GDF SUEZ CUT TO NEUTRAL VS BUY AT UBS *HUGO BOSS CUT TO HOLD VS BUY AT BAADER *NOVOROSSIYSK CUT TO NEUTRAL VS BUY AT UBS *SIERRA RUTILE CUT TO ADD VS BUY AT WESTHOUSE *SISTEMA CUT TO NEUTRAL VS BUY AT UBS *TUI TRAVEL CUT TO NEUTRAL VS BUY AT UBS
PT Changes
*Fiat PT Raised to EU4.5 vs EU4 at Barclays; Kept at Underweight *LVMH PT CUT TO EU138 VS EU141 AT CANTOR; KEPT AT HOLD *Tod’s PT Cut to EU137 vs EU140 at BofAML; Kept at Buy
Initiation
*BARCLAYS RESUMED AT EQUALWEIGHT AT MORGAN STANLEY; PT 300P *BMW RATED NEW HOLD AT BERENBERG; PT EU85 *BPOST RATED NEW UNDERPERFORM AT CREDIT SUISSE, PT EU14.5 *GENERAL RETAIL RAISED TO NEUTRAL VS UNDERWEIGHT AT BOFAML *KPN RATED NEUTRAL AT BOFAML, WAS NOT RATED; PT EU2.32
Country Sector Stock Call
*AEROSPACE RATED OVERWEIGHT AT BOFAML *DUFRY ADDED TO UBS’S M&A WATCH LIST *EDF ADDED TO UBS’S MOST PREFERRED LIST, GDF REMOVED *E.ON ADDED TO UBS’S EUROPEAN KEY CALL AS HIGH CONVICTION SELL *GLOBAL TELECOM RAISED TO BUY VS NEUTRAL AT UBS *INDITEX NAMED A MOST PREFERRED STOCK AT CITI, REPLACES ADIDAS *INCHCAPE NAMED A LEAST PREFERRED STOCK AT CITI, REPLACES HOME *MEDIA AND TRAVEL & LEISURE CUT FROM OVERWEIGHT AT BOFAML *TECHNOLOGY CUT TO UNDERWEIGHT VS NEUTRAL AT BOFAML