Up
*BARRATT DEVELOPMENTS RAISED TO BUY VS NEUTRAL AT CITI *OUTOKUMPU RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML *SWISSCOM RAISED TO BUY VS NEUTRAL AT NOMURA *TELE2 RAISED TO NEUTRAL VS REDUCE AT NOMURA
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*ABERDEEN ASSET MANAGEMENT CUT TO NEUTRAL AT CREDIT SUISSE *DEBENHAMS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS *DEUTSCHE TELEKOM CUT TO NEUTRAL VS BUY AT NOMURA *HALFORDS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *HELLENIC PETROLEUM CUT TO SELL VS HOLD AT SOCGEN *REDROW CUT TO NEUTRAL VS BUY AT CITI *SHIRE CUT TO NEUTRAL VS BUY AT UBS *TESCO CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC *VIENNA INSURANCE CUT TO HOLD VS BUY AT BERENBERG
PT Change
*ENEL PT RAISED TO EU3.3 VS EU2.7 AT DEUTSCHE BANK; KEPT AT HOLD *Prysmian PT Raised to EU20.5 vs EU19.5 at JPMorgan *SORIN PT CUT TO EU2.45 VS EU2.6 AT CITI; KEPT AT BUY
Initiation
*BAE, COBHAM, SAAB, THALES, ULTRA RESUMED NEUTRAL AT GOLDMAN *FOLLI FOLLIE RATED NEW OVERWEIGHT AT HSBC; PT EU32.5 *ROLLS-ROYCE, EADS, MEGGITT RESUMED BUY AT GOLDMAN *ESURE RATED NEW BUY AT CITI, PT 285P *JUMBO GROUP RATED NEW OVERWEIGHT AT HSBC; PT EU14.5 *OPAP RATED NEW NEUTRAL AT HSBC; PT EU10.3 *PICK N PAY STORES RATED NEW OUTPERFORM AT CREDIT SUISSE; PT R62 *QINETIQ RESUMED SELL AT GOLDMAN *STOCK SPIRITS RATED NEW OVERWEIGHT AT JPMORGAN; PT 280P *SHOPRITE HOLDINGS RATED NEW NEUTRAL AT CREDIT SUISSE; PT R185 *VIENNA INSURANCE CUT TO HOLD VS BUY AT BERENBERG *TCS RATED NEW BUY AT GOLDMAN, ADDED TO CEEMEA FOCUS LIST *WOOLWORTHS HOLDINGS RATED NEW OUTPERFORM AT CREDIT SUISSE
Country Sector Stock Call
*CARLSBERG ADDED TO CREDIT SUISSE’S FOCUS LIST