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*DERWENT LONDON RAISED TO BUY VS NEUTRAL AT GOLDMAN *ERSTE RAISED TO BUY VS HOLD AT DEUTSCHE BANK *LEGAL & GENERAL RAISED TO BUY VS NEUTRAL AT BOFAML *METRO RAISED TO NEUTRAL VS REDUCE AT ODDO *RAIFFEISEN RAISED TO BUY VS HOLD AT DEUTSCHE BANK
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*ANTOFAGASTA CUT TO NEUTRAL VS BUY AT UBS *LABORATORIOS ROVI CUT TO NEUTRAL VS BUY AT UBS *RESOLUTION CUT FROM BOFA’S EUROPE 1 LIST *SARAS CUT TO HOLD VS BUY AT SOCGEN *SEVERN TRENT CUT TO NEUTRAL AT MACQUARIE *SIXT CUT TO NEUTRAL FROM OVERWEIGHT AT HSBC *SODEXO CUT TO NEUTRAL VS BUY AT CITI *STAFFLINE CUT TO HOLD AT LIBERUM *TESMEC CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
PT Change
*Generali PT Raised to EU21 vs EU20 at JPMorgan
Initiation
*AGGREKO RATED NEW HOLD AT LIBERUM, PT 1,500P *APR ENERGY RATED NEW SELL AT LIBERUM, PT 890P *ASHTEAD RATED NEW BUY AT LIBERUM, PT 765P *KENMARE RESOURCES RATED NEW NEUTRAL AT MACQUARIE, PT 21P *MUNICH RE RATED NEW BUY AT UBS, PT EU177 *SIERRA RUTILE RATED NEW UNDERPERFORM AT MACQUARIE, PT 37P *SPEEDY HIRE RATED NEW BUY AT LIBERUM, PT 88P *SWISS RE RATED NEW NEUTRAL AT UBS, PT SF83
Country Sector Stock Call
*EUROPE CAPITAL GOODS CUT TO CAUTIOUS VS NEUTRAL AT GOLDMAN *EUROPE BANKS, UK HOMEBUILDERS RAISED TO OVERWEIGHT AT GOLDMAN *EUROPEAN TELECOMS RAISED TO NEUTRAL AT GOLDMAN *EUROPEAN MEDIA CUT TO NEUTRAL AT GOLDMAN *CHEMICALS, OIL SERVICES CUT TO UNDERWEIGHT AT GOLDMAN *INDUSTRIAL GOODS CUT TO UNDERWEIGHT AT GOLDMAN *Bayer Added to Analyst Focus List at JPMorgan *EADS REMOVED FROM UBS’S KEY CALL LIST *GLAXO REMOVED FROM CITI'S LEAST PREFERRED LIST *GREAT PORTLAND ADDED TO CONVICTION BUY LIST AT GOLDMAN *JCDECAUX REMOVED FROM MEDIA MOST PREFERRED SHRS AT BOFAML *MTG ADDED TO MEDIA LEAST PREFERRED SHRS AT BOFAML *PUBLICIS ADDED TO MEDIA MOST PREFERRED SHRS AT BOFAML *REED ELSEVIER REMOVED FROM MEDIA LEAST PREFERRED SHRS AT BOFAML *ROCHE REMOVED FROM CITI'S MOST PREFERRED LIST *SEGRO CUT FROM CONVICTION BUY AT GOLDMAN, STILL A BUY