Up
*BEIERSDORF RAISED TO BUY VS SELL AT DZ BANK *BOOKER GROUP RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN *FLYBE RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *GULF KEYSTONE RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *KAZMUNAIGAS RAISED TO BUY VS NEUTRAL AT GOLDMAN *KPN RAISED TO BUY VS HOLD AT ING *MAERSK RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE *SAINSBURY RAISED TO BUY VS NEUTRAL AT CITI *VODACOM GROUP RAISED TO BUY VS NEUTRAL AT UBS *UNICREDIT CUT FROM CONVICTION BUY AT GOLDMAN, STILL A BUY
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*BREMBO CUT TO NEUTRAL VS BUY AT UBS *E.ON CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *KABEL DEUTSCHLAND CUT TO NEUTRAL VS OUTPERFORM AT EXANE *MAPFRE CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY *TERNA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE *TESCO CUT TO SELL VS NEUTRAL AT GOLDMAN *TOD'S CUT TO UNDERPERFORM VS BUY AT BOFAML *TRYG CUT TO SELL VS HOLD AT BERENBERG
PT changes
*INTESA PT RAISED TO EU1.7 VS EU1.6 AT NOMURA; KEPT AT NEUTRAL *Pirelli PT Raised to EU11 vs EU9.5 at Deutsche Bank *TOD’S PT CUT TO EU102 VS EU105 AT DEUTSCHE BANK; KEPT AT HOLD *TOD’S PT CUT TO EU101 VS EU104 AT UBS; KEPT AT SELL
Initiation
*AEROFLOT RATED NEW OVERWEIGHT AT JPMORGAN; PT RUB74.11 *ARSEUS NV RATED NEW BUY AT JEFFERIES, PT EU28
Country Sector Stock Call
*LONG KPN, TELENET, SHORT BELGACOM, MOBISTAR, ING SAYS *BOOKER GROUP RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN *UniCredit Exits Conviction Buy at Goldman on Lower Top-Line Ests