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*ARKEMA RAISED TO BUY VS NEUTRAL AT CITI *ATOS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY *LSR RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN *NORSK HYDRO RAISED TO NEUTRAL VS SELL AT CITI *PZ CUSSONS RAISED TO BUY VS NEUTRAL AT GOLDMAN *WOLSELEY RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY *WOOD GROUP RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
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*AAREAL BANK CUT TO HOLD VS BUY AT KEPLER CHEUVREUX *AMEC CUT TO NEUTRAL FROM OUTPERFORM AT CREDIT SUISSE *ARCELORMITTAL CUT TO UNDERPERFORM VS NEUTRAL AT EXANE *OOREDOO CUT TO NEUTRAL VS BUY AT GOLDMAN *PARTNER COMMUNICATIONS CUT TO SELL VS NEUTRAL AT GOLDMAN *PROSEGUR CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *SECURITAS CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *SOLVTRANS RAISED TO BUY VS HOLD AT NORDEA *TATE & LYLE CUT TO HOLD VS ADD AT NUMIS *TESCO CUT TO NEUTRAL VS OVERWEIGHT AT HSBC *VOLVO CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
Pt Changes
*Adidas PT Raised to EU92 vs EU87 at Raymond James *AEGON PT RAISED TO EU7 VS EU5.8 AT ING *Babcock Intl PT Raised to 1,500p from 1,300p at Cantor *BREMBO PT RAISED TO EU21 VS EU20 AT MEDIOBANCA; KEPT AT NEUTRAL *Commerzbank PT Raised to EU10.3 vs EU9 at Mediobanca *Finmeccanica PT Raised to EU5.15 vs EU4.95 at JPMorgan *Henkel PT Raised to EU91 vs EU86 at Raymond James *Mediaset PT Raised to EU3.65 vs EU3.3 at Nomura *MEDIASET PT RAISED 8% TO EU3.4 AT BARCLAYS; KEPT AT UNDERWEIGHT *MEDIASET PT RAISED TO EU3 VS EU2.8 AT SOCGEN; KEPT AT SELL *Mediolanum PT Raised to EU6.6 vs EU5.5 at Mediobanca *MEDIOLANUM PT RAISED TO EU6.9 VS EU6.2 AT BOFAML; KEPT AT BUY *Piaggio PT Raised to EU2.4 vs EU2.2 at Deutsche Bank
Initiation
*DUFRY ASSUMED OUTPERFORM AT CREDIT SUISSE, PT SFR170 *ETALON RATED NEW OVERWEIGHT AT JPMORGAN; PT $7 *PGNIG RATED NEW SELL AT ING *SISTEMA REINSTAED BUY AT GOLDMAN, PT $42.7
Country Sector Stock Call
*SSAB ADDED TO MORGAN STANLEY’S BEST IDEAS LIST