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*AKZO RAISED FROM NEUTRAL AT JPMORGAN *BABCOCK INTERNATIONAL RAISED FROM NEUTRAL AT GOLDMAN, CONVICTION BUY *KLEPIERRE RAISED TO OUTPERFORM VS NEUTRAL AT EXANE *PENNON GROUP RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC *SSAB RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
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*A2A CUT TO HOLD VS BUY AT KEPLER CHEUVREUX *BENETEAU CUT TO UNDERPERFORM VS NEUTRAL AT EXANE *CGG CUT TO HOLD VS BUY AT KEPLER CHEUVREUX *INMARSAT CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *PROSIEBEN CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS *SHANKS GROUP CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
PT changes
*Credit Agricole PT Raised to EU9 vs EU8.5 at Mediobanca *DELHAIZE PT CUT TO EU50.50 FROM EU53 AT ING *ENEL PT RAISED TO EU3.7 VS EU3.2 AT UBS; KEPT AT BUY *Pirelli PT Raised to EU13.5 vs EU12 at JPMorgan *SocGen PT Raised to EU40.3 vs EU35.6 at Mediobanca *SORIN PT RAISED TO EU2.5 VS EU2.4 AT BERENBERG; KEPT AT BUY
Initiation
*BETFAIR RATED NEW OVERWEIGHT AT HSBC; PT 1,245P *GRAND CITY PROPERTIES RATED NEW BUY AT BERENBERG; PT EU7.5 *LADBROKES RATED NEW NEUTRAL AT HSBC; PT 200P *PEUGEOT RATED NEW REDUCE AT NOMURA; PT EU8 *RENAULT RATED NEW NEUTRAL AT NOMURA; PT EU68 *WILLIAM HILL RATED NEW UNDERWEIGHT AT HSBC; PT 385P
Country Sector Stock Call
*BABCOCK INTERNATIONAL RAISED TO CONVICTION BUY AT GOLDMAN *EUROPEAN AUTOS & AUTO PARTS CUT TO BEARISH FROM NEUTRAL AT NOMURA *European Equities Underpriced, May Return 27% in 2014: Barclays