covered ARM +4

Morning all. Hope the IC buy recommendation helps BARC price today.

UK and European brokers' recommendations issued today, as collated by AFX News from a range of market sources.

UBS - Update
Reiterates Neutral European Mining; Cuts Anglo American target to 1350 pence from 1450, cuts Rio Tinto target to 1600 pence from 1650, BHP target unchanged at 625 pence -- Downgrades to Neutral from Buy VNU -- Downgrades to Neutral from Buy Rodamco Europe

MORGAN STANLEY -- Update
Reiterates Equalweight Reed Elsevier, cuts target to 500 pence from 530 -- Underweight TF1, cuts estimates -- Downgrades to Equalweight from Overweight Rank -- UK Water; Overweight AWG, Underweight Kelda, ups target to 550 pence from 540, Underweight Pennon, Overweight Severn Trent, raises target to 985 pence from 970 -- Underweight United Utilities, raises target to 565 pence from 535

ARBUTHNOT
Upgrades to Buy from Hold Wolverhampton & Dudley

JP MORGAN
Spanish Banks; Downgrades to Underweight from Neutral Banco Popular

GOLDMAN SACHS
Downgrades to In Line from Outperform Schneider Electric

WILLIAMS DE BROE
Upgrades to Buy from Sell Wolverhampton & Dudley

SEYMOUR PIERCE
Reiterates Underweight General Retailers; Downgrades Next, Matalan and Woolworths to Hold from Outperform, Austin Reed cut to underperform from Hold

MERRILL LYNCH
Downgrades to Neutral from Buy Meggitt -- Upgrades Neutral from Sell Ultra Electronics -- Downgades to Neutral from Buy VT Group

ABN AMRO
Upgrades to Add from Reduce Publicis

LEHMAN BROTHERS
Reiterates Underweight Sodexho Alliance, raises target to 19.3 eur from 18.3

CSFB
Reiterates Outperform Millenium & Copthorne, raises target to 400 pence -- Neutral Renault, raises target to 68 eur

DEUTSCHE BANK
Reiterates Hold Kone, cuts target to 50 eur from 52 -- Downgrades to Hold from Buy H&M

BUR starting to come alive again !!!

long BDEV 521.5 s/l on

U.S. stock futures turned mixed Friday as a much weaker-than-expected employment report for November tempered the positive impact of a raised fourth quarter sales forecast from Intel.

U.S. nonfarm payrolls increased a disappointing 112,000 in November while the unemployment rate dipped to 5.4 percent, the Labor Department estimated.

Economists were looking for stronger growth of about 204,000 in November, according to a survey conducted by CBS MarketWatch. None of the 42 economists surveyed forecast a figure as low as 112,000.

Dow futures slumped into negative territory on the job report, erasing a 40 point gain, to trade down 9 points, at 10,585. Nasdaq 100 futures weathered the report better and were last up 12.50 points, at 1,625.50 after being up as much as 16 points prior to the data. S&P 500 futures were up 1.2 points, at 1,191.70.

'Sentiment levels in the stock market are at very high levels right now, 'said Michael Sheldon, chief market strategist at Spencer Clarke LLC. 'The employment report may take the wind out of the market on a short-term basis and lead to a little bit of profit taking.'

'However market internals in general remain extremely positive, so it's unlikely, barring a major shock such as a rapid decline in the dollar or a spike in energy prices, that the stock market will experience a major decline between now and year end.'

On Thursday, stocks ended mixed as a sharp fall in oil prices for a second straight session took some of the sting out of a lackluster sales performance from retailers in November.

covered BDEV +1

covered RGU +1.25