Up
*ALMIRALL RAISED TO BUY VS NEUTRAL AT GOLDMAN *BINCKBANK RAISED TO BUY VS HOLD AT ING *BOVIS HOMES RAISED TO BUY VS HOLD AT LIBERUM *CEGEDIM RAISED TO HOLD VS SELL AT SOCGEN *HANNOVER RE RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN *IBERDROLA RAISED TO BUY VS NEUTRAL AT CITI *KOMERCNI BANKA RAISED TO BUY VS HOLD AT DEUTSCHE BANK *REDROW RAISED TO BUY VS HOLD AT LIBERUM *SAIPEM RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE *SAIPEM RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA *TDC RAISED TO BUY VS HOLD AT BERENBERG
Down
*BANKIA CUT TO SELL VS HOLD AT SOCGEN *BBVA CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML *BBVA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE *CLICKS GROUP CUT TO NEUTRAL VS BUY AT UBS *COCA-COLA HELLENIC CUT TO REDUCE VS NEUTRAL AT NOMURA *DIA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *ITV CUT TO SELL VS HOLD AT BERENBERG *MEDIOBANCA CUT TO HOLD AT KEPLER CHEUVREUX; PT RAISED TO EU6.6 *SEADRILL CUT TO SELL VS HOLD AT SOCGEN, PT NOK243 *SMA CUT TO HOLD VS BUY AT DEUTSCHE BANK
PT Changes
*Amplifon PT Cut to EU4 vs EU4.1 at Bernstein *Ferrovial PT Raised to EU14.7 vs EU13.4 at Raymond James *GENERALI PT RAISED 12% TO EU18.5 AT BOFAML; KEPT AT BUY *Mediobanca PT Raised to EU6.1 vs EU5.8 at Nomura *Veolia Environnement PT Cut to EU14.5 vs EU15 at Raymond James
Initiation
*KONE OYJ RATED NEW UNDERWEIGHT AT BARCLAYS; PT EU59 *SCHINDLER HOLDING RATED NEW EQUALWEIGHT AT BARCLAYS; PT CHF120 *VOLVO B RATED NEW NEUTRAL AT NOMURA; PT SEK85
Country Sector Stock Calls
* More Questions than Answers from Saipem Results: Morgan Stanley