Up
*Celesio Moved to No Rating at BofAML, Was Buy *GRAINGER RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN *NESTLE NAMED A MOST PREFERRED STOCK AT CITI, REPLACES DANONE *PIK RAISED TO BUY AT UBS
down
*ACTELION REMOVED FROM UBS'S MOST PREFERRED LIST *BLUE LABEL TELECOMS CUT TO NEUTRAL VS BUY AT UBS *BUZZI UNICEM CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE *CASINO REMOVED FROM CONVICTION BUY AT GOLDMAN; KEPT AT BUY *CEZ CUT TO NEUTRAL VS BUY AT BOFAML *ETALON CUT TO NEUTRAL VS BUY AT UBS *FOREST OIL CUT TO SELL VS NEUTRAL AT GOLDMAN *GDF SUEZ CUT TO NEUTRAL VS BUY AT BOFAML *IAG CUT TO HOLD VS BUY AT CANTOR *LVMH REMOVED FROM UBS'S EUROPEAN KEY CALL LIST *MILLICOM CUT TO NEUTRAL VS BUY AT CITI *NOKIA CUT TO SELL VS BUY AT NORDEA *NOVOLIPETSK STEEL CUT TO SELL VS NEUTRAL AT UBS *SEADRILL CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN *SEVERSTAL CUT TO NEUTRAL VS BUY AT UBS *SURGUTNEFTEGAS CUT TO NEUTRAL VS OVERWEIGHT AT HSBC *VBH HOLDING CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC *VOESTALPINE CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC
PT Changes
* Banco Santander PT Raised to EU5.15 vs EU4.35 at Barclays * Bourbon PT Raised to EU19 vs EU18 at Raymond James * Prysmian PT Cut to EU22.7 vs EU23.3 at Goldman
Initiation
*DCC RATED NEW BUY AT CANTOR; PT 3,120P *SHANKS RATED NEW BUY AT LIBERUM, PT 125P *TMK RATED NEW EQUALWEIGHT AT BARCLAYS; PT $15
Country Sector Stock Call
*ACTELION REMOVED FROM UBS'S MOST PREFERRED LIST *ARCELORMITTAL REMOVED FROM UBS'S MOST PREFERRED LIST *CASINO REMOVED FROM CONVICTION BUY AT GOLDMAN; KEPT AT BUY *NESTLE NAMED A MOST PREFERRED STOCK AT CITI, REPLACES DANONE *Unilever Named a Least Preferred Stock at Citi * Russia Stocks Upgraded to Neutral at JPMorgan; Poland Cut * Market Will Rally Further on 6-12-Month View, Nomura Says