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*BOUYGUES RAISED TO HOLD VS UNDERPERFORM AT JEFFERIES *CARL ZEISS MEDITEC RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC *EDP RAISED TO HOLD VS SELL AT DEUTSCHE BANK *EUROCASH RAISED TO BUY VS NEUTRAL AT GOLDMAN *MORGAN ADVANCED MATERIALS RAISED TO NEUTRAL AT BOFAML *SARTORIUS RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
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*ARKEMA CUT TO HOLD VS BUY AT SOCGEN *BALFOUR BEATTY CUT TO SELL VS NEUTRAL AT UBS *BSKYB CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *COLRUYT CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN *COMPUGROUP CUT TO NEUTRAL VS OVERWEIGHT AT HSBC *EAC Cut to Sell from Hold at Nordea *Fenix Outdoor Cut to Buy from Strong Buy at Nordea *Grieg Seafood Cut to Buy from Strong Buy at Nordea *RANDGOLD RESOURCES CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC *ROYAL BANK OF SCOTLAND CUT TO NEUTRAL VS BUY AT GOLDMAN *ROYAL UNIBREW CUT TO HOLD VS BUY AT NORDEA
PT Change
*PIAGGIO PT RAISED TO EU2.3 VS EU2.2 AT CITI; KEPT AT NEUTRAL *PIRELLI PT RAISED TO EU11.6 VS EU9 AT CITI; KEPT AT NEUTRAL *POP. MILANO PT CUT TO EU0.45 VS EU0.51 AT CITI; KEPT AT NEUTRAL *TENARIS PT CUT 7% TO EU16.2 AT MACQUARIE, STAYS NEUTRAL *UniCredit PT Raised to EU6.41 vs EU5.72 at JPMorgan
Initiation
*F&C ASSET MANAGEMENT RATED NEW UNDERWEIGHT AT BARCLAYS; PT 90P
Country Sector Stock Call
*Overweight Periphery Within a European Portfolio: Credit Suisse
*IAG REMOVED FROM MACQUARIE CONVICTION BUY LIST *RBS REMOVED FROM MACQUARIE CONVICTION SELL LIST