Up
*HSBC RAISED TO BUY FROM NEUTRAL AT MIZUHO; PT HK$100, GBP8 *SIBANYE GOLD RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS *SOLOCAL GROUP RAISED TO NEUTRAL VS SELL AT GOLDMAN *TUPRAS RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
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*3I GROUP CUT TO HOLD VS BUY AT LIBERUM *ANSALDO CUT TO HOLD VS BUY AT KEPLER CHEUVREUX *ARYZTA CUT TO NEUTRAL VS BUY AT GOLDMAN *AXEL SPRINGER CUT TO SELL VS NEUTRAL AT GOLDMAN *BELGACOM CUT FROM OUTPERFORM AT MACQUARIE *CREDIT SUISSE CUT TO EQUALWEIGHT AT MORGAN STANLEY *ELECTRA PRIVATE EQUITY CUT TO HOLD VS BUY AT LIBERUM *FRAPORT CUT TO HOLD VS BUY AT DEUTSCHE BANK *HAVAS CUT TO NEUTRAL VS BUY AT GOLDMAN *HGCAPITAL TRUST CUT TO SELL VS HOLD AT LIBERUM *INDRA CUT TO SELL VS NEUTRAL AT UBS *INFORMA CUT TO NEUTRAL VS BUY AT GOLDMAN *MODERN TIMES CUT TO NEUTRAL VS BUY AT GOLDMAN *NYRSTAR CUT TO SELL VS NEUTRAL AT GOLDMAN *PEARSON CUT TO NEUTRAL VS BUY AT GOLDMAN *SIEMENS CUT TO NEUTRAL VS BUY AT UBS *STROER AG CUT TO NEUTRAL VS BUY AT GOLDMAN *SWEDISH MATCH CUT TO NEUTRAL VS BUY AT GOLDMAN *VEOLIA ENVIRONNEMENT CUT TO NEUTRAL AT HSBC *WEIR GROUP CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
PT change
*ArcelorMittal PT Raised to EU12 vs EU10.5 at Nomura *Banco Popolare PT Cut to EU1.15 vs EU1.36 at Morgan Stanley *CNH Industrial PT Cut to EU7.5 vs EU8 at Macquarie *EADS PT RAISED TO EU56 VS EU52 AT RBC; KEPT AT OUTPERFORM *Electrolux PT Cut to SEK175 vs SEK195 at Nomura; Kept at Neutral *Mediobanca PT Raised to EU6.9 vs EU5.5 at Morgan Stanley *Mediolanum PT Raised to EU6.25 vs EU6 at Goldman *Monte Paschi PT Cut to EU0.17 vs EU0.25 at Morgan Stanley *Poltrona Frau PT Raised to EU3 vs EU2.34 at Mediobanca *Pop. Milano PT Raised to EU0.5 vs EU0.35 at Morgan Stanley *UBI PT Raised to EU4.8 vs EU3.7 at Morgan Stanley *UniCredit PT Raised to EU5.72 vs EU5.51 at JPMorgan
Initiation
*ARKEMA ADDED TO CITI’S LEAST PREFERRED BEST IDEAS DATABASE *FOXTONS RATED NEW NEUTRAL AT CREDIT SUISSE, PT 322P *HENRY BOOT RATED NEW BUY AT NUMIS *JZ CAPITAL PARTNERS RATED NEW HOLD AT LIBERUM
Country Sector Stock Call
*PUBLICIS ADDED TO CONVICTION BUY LIST AT GOLDMAN *BSKYB CUT FROM CONVICTION BUY AT GOLDMAN, STILL A BUY *MEDIASET RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN *UBS REMOVED FROM CONVICTION BUY AT GOLDMAN, STILL A BUY *UBM ADDED TO CONVICTION BUY LIST AT GOLDMAN *UBS REMOVED FROM MORGAN STANLEY’S EUROPE BEST IDEAS LIST *Buy ING, UBS Says Ahead of 3Q