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*AFRICAN RAINBOW MINERALS RAISED TO BUY VS NEUTRAL AT BOFAML *ASML RAISED TO BUY VS HOLD AT SOCGEN *AUTOLIV RAISED TO NEUTRAL VS SELL AT CITI *EFG INTERNATIONAL RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA *GEOX RAISED TO NEUTRAL VS SELL AT CITI *LONMIN RAISED TO BUY VS NEUTRAL AT BOFAML *SAFRAN RAISED TO TOP PICK AT RBC CAPITAL *STANDARD CHARTERED RAISED TO OUTPERFORM VS NEUTRAL: MACQUARIE *SULZER RAISED TO BUY VS NEUTRAL AT CITI
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*GLENCORE XSTRATA CUT TO NEUTRAL VS BUY AT BOFAML *INTERMEDIATE CAPITAL CUT TO NEUTRAL VS BUY AT BOFAML *LUXOTTICA CUT TO HOLD VS BUY AT BERENBERG *MEGGITT CUT TO OUTPERFORM AT RBC CAPITAL *SPONDA CUT TO NEUTRAL VS BUY AT UBS *TECNICAS REUNIDAS CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
PT Change
*BENI STABILI PT RAISED 2% TO EU0.48 AT GOLDMAN; KEPT AT NEUTRAL
Initiation
*DANIELI RATED NEW BUY AT KEPLER CHEUVREUX; PT EU29.5 *MELROSE RATED NEW HOLD AT NUMIS, PT 290P *NETCARE RATED NEW EQUALWEIGHT AT BARCLAYS; PT ZAR24.00 *SONAE RATED NEW EQUALWEIGHT AT BARCLAYS; PT EU1.17
Country Sector Stock Call
*INSURANCE, TELECOMS CUT TO NEUTRAL VS OVERWEIGHT AT NOMURA *SUEDZUCKER CUT FROM CONVICTION SELL AT GOLDMAN, STILL SELL *BARRATT, FERROVIAL ADDED TO BOFAML BUILDINGS MOST PREFERREDS *VINCI, TAYLOR WIMPEY EXIT BOFAML BUILDINGS MOST PREFERRED LIST