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*BARRY CALLEBAUT RAISED TO BUY VS NEUTRAL AT UBS *CAIXABANK RAISED TO BUY VS NEUTRAL AT CITI *SAP RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS *SERCO RAISED TO BUY VS NEUTRAL AT UBS *SWISS LIFE RAISED TO BUY VS HOLD AT BERENBERG
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*ATLATSA RESOURCES CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML *BUREAU VERITAS CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN *CYFROWY POLSAT CUT TO NEUTRAL VS BUY AT UBS *HISCOX CUT TO UNDERWEIGHT VS OVERWEIGHT AT BARCLAYS *INTERFOR CUT TO OUTPERFORM VS TOP PICK AT RBC *INTERTEK CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *LANCASHIRE CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS *MUNICH RE CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *OSRAM CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY *PERFORM GROUP CUT TO EQUALWEIGHT VS OVERWEIGHT: MORGAN STANLEY *PIRELLI CUT TO NEUTRAL VS BUY AT BOFAML *RSA INSURANCE CUT TO HOLD VS BUY AT BERENBERG *TULLETT PREBON CUT TO MARKET PERFORM VS OUTPERFORM AT KBW *ULKER CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
PT Changes
*Atlantia PT Raised to EU14.2 vs EU13.7 at Nomura *FERRAGAMO PT CUT TO EU25 VS EU26 AT BOFAML; KEPT AT NEUTRAL *SERCO PT CUT TO 520P VS 640P AT MORGAN STANLEY
Initiation
*HARGREAVES LANSDOWN RATED NEW OVERWEIGHT AT JPMORGAN; PT 1,415P *MERLIN RATED NEW NEUTRAL AT CREDIT SUISSE, PT 352P *TECHNICOLOR RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU4.50
Country Sector Stock Call
*EADS, GKN EXIT BOFAML EMEA CAPITAL GOODS MOST PREFERRED LIST *LEGRAND, ROLLS-ROYCE ADDED TO BOFAML CAP. GOODS MOST PREFERREDS