Up
*ABERDEEN ASSET RAISED TO BUY VS NEUTRAL AT UBS *AT&S RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX *G4S RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC *KEMIRA RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY *POLYMETAL RAISED TO NEUTRAL VS SELL AT CITI *REC RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE *SHIRE RAISED TO BUY VS NEUTRAL AT BOFAML *SPIRIT PUB CO RAISED TO NEUTRAL VS REDUCE AT NOMURA *TAURON POLSKA ENERGIA RAISED TO BUY VS SELL AT CITI
Down
*ABB CUT TO NEUTRAL VS BUY AT UBS *ADECCO CUT TO SELL VS NEUTRAL AT UBS *AUTOGRILL CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *AZ ELECTRONIC CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *BALOISE CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *BSKYB CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE *CREDIT SUISSE CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *DEBENHAMS CUT TO HOLD VS BUY AT SOCGEN *ENDESA CUT TO SELL VS NEUTRAL AT GOLDMAN *GEORG FISCHER CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE *MITIE CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC *RANDSTAD CUT TO SELL VS NEUTRAL AT UBS *SARAS CUT TO NEUTRAL VS BUY AT NOMURA *STMICRO CUT TO NEUTRAL VS BUY AT GOLDMAN *TAURON CUT TO SELL VS HOLD AT ING *WACKER CHEMIE CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
PT change
*AMPLIFON PT CUT TO EU3.9 VS EU4 AT GOLDMAN; KEPT AT NEUTRAL *Amplifon PT Cut to EU3.3 vs EU3.5 at Kepler Cheuvreux *Buzzi Unicem PT Cut to EU12.2 vs EU12.5 at Morgan Stanley *Gjensidige PT Raised to NOK101 vs NOK97.6 at Mediobanca *SANTANDER PT CUT TO EU4.6 VS EU4.8 AT RBC; KEPT AT UNDERPERFORM *TELENET PT RAISED TO EU44 AT ING; KEPT AT BUY
Initiation
*CENTRICA RATED NEW NEUTRAL AT MACQUARIE, PT 360P *DIALOG SEMICONDUCTOR RATED NEW OUTPERFORM AT RBC; PT EU18 *DRAX RATED NEW OUTPERFORM AT MACQUARIE, PT 760P *HAMMERSON REINSTATED AT NEUTRAL AT BOFAML; PT 555P *SHAFTESBURY REINSTATED AT UNDERPERFORM AT BOFAML; PT 600P *SWEDISH MATCH RATED NEW UNDERWEIGHT AT BARCLAYS; PT SEK190 *TEVA PHARMACEUTICAL RATED NEW BUY AT CITI, PT $47
Country Sector Stock Call
*ALFA REMOVED FROM UBS'S LEAST PREFERRED LIST *DEUTZ ADDED TO UBS'S LEAST PREFERRED LIST *GEDEON RICHTER ADDED TO UBS'S MOST PREFERRED LIST *KION ADDED TO UBS'S LEAST PREFERRED LIST *Saras Cut to Neutral at Nomura, Essar Energy Preferred *SKF ADDED TO UBS'S MOST PREFERRED LIST, REMOVES ABB *SHIRE REMOVED FROM UBS'S MOST PREFERRED LIST *WARTSILA REMOVED FROM UBS'S LEAST PREFERRED LIST