Up
*BNP, RAISED TO BUY VS NEUTRAL AT BOFAML *BRITVIC RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN *COMDIRECT RAISED TO BUY VS HOLD AT KEPLER *ENIRO RAISED TO BUY VS HOLD AT SEB *HANDELSBANKEN RAISED TO HOLD VS SELL AT SEB *HOME RETAIL RAISED TO NEUTRAL VS SELL AT CITI *OKEY RAISED TO BUY VS NEUTRAL AT BOFAML *PREMIER OIL RAISED TO HOLD VS SELL AT LIBERUM *RAUTARUUKKI RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML *SOCGEN RAISED TO BUY VS NEUTRAL AT BOFAML
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EUROPEAN CREDIT PIPELINE: IG and HY Calendar Update *BECHTLE CUT TO ’HOLD’ AT COMMERZBANK *CAPGEMINI CUT TO NEUTRAL VS BUY AT UBS *DELEK GROUP CUT TO NEUTRAL VS BUY AT UBS *HEIDELBERGCEMENT CUT TO UNDERPERFORM AT CREDIT SUISSE *QSC CUT TO HOLD VS BUY AT BERENBERG *STEINHOFF CUT TO HOLD FROM BUY AT BNP PARIBAS *VOESTALPINE CUT TO HOLD VS BUY AT JEFFERIES *VOLVO CUT TO NEUTRAL VS OUTPERFORM AT ROBERT BAIRD
PT change
*BIC PT Raised to EU101 vs EU96 at Raymond James *DUFRY PT RAISED TO CHF160 VS CHF138 AT UBS, REITERATES BUY *INTESA PT RAISED TO EU2.1 VS EU1.7 AT UBS; KEPT AT BUY *LUXOTTICA PT CUT TO EU40 VS EU41 AT JPMORGAN; KEPT AT NEUTRAL *STMICRO PT CUT TO EU5.6 VS EU6.8 AT UBS; KEPT AT NEUTRAL *STMICRO PT CUT TO EU5.81 VS EU6.74 AT JEFFERIES; KEPT AT HOLD *STMICRO PT CUT 7% TO EU5.5 AT BARCLAYS; KEPT AT EQUALWEIGHT *STMICRO PT CUT TO EU6 VS EU6.2 AT CITI; KEPT AT NEUTRAL
Initiation
*GN STORE NORD RATED NEW BUY AT UBS, PT DKR150
Country Sector Stock Call
* Italy Banks Profitability Turnaround More Likely in 2014: UBS