Good morning traders!

In the US last night, the Dow jumped 107 points at 11,362, the Nasdaq rose 30 points at
2,579 and the S&P500 added 15 points at 1,222.

In Asia today, the Nikkei was last up 3 points at 10,172, while the Hang Seng ended the
morning ahead 31 points at 23,480.

Crude oil traded at $87.87 a barrel on Nymex.

Gold settled at $1,391 an ounce.

Happy Friday!

G.

BG. UBS: downgraded to neutral from buy, tp raised to 1290 from 1200
BP. UBS [HB]: reiterated buy, tp reiterated 525
BRBY Seymour: initiated buy, tp 1200
BRW Canaccord: buy, tp raised to 216 from 206
BVIC Morgan Stanley: reiterated overweight, tp reiterated 550
CHG JPMorgan: initiated overweight, tp 3450
CNA JPMorgan: reiterated overweight, tp reiterated 390
DVSG UBS: reiterated buy, tp 450
ECM UBS: reiterated neutral, tp 230
FENR Citigroup: initiated buy
IHG Goldman: upgraded to buy from neutral, tp raised to 1400 from 1203
IMG Goldman: initiated conviction buy, tp 515
INF Morgan Stanley: overweight, tp 490
KGF Citigroup: buy, tp raised to 300 from 290
KGF JPMorgan: overweight
KGF UBS [HB]: reiterated buy, tp raised to 285 from 270
LLOY UBS: reiterated buy, tp reiterated 100
MCB Goldman: reiterated neutral, tp reiterated 161
MLC Goldman: buy, tp raised to 682 from 560
NG. Morgan Stanley [HB]: resumed equal weight, tp 575
NWG Nomura: reiterated neutral, tp raised to 345 from 330
PNN Nomura: reiterated buy, tp raised to 680 from 660
PRU SocGen: hold, tp 600
PRW Altium: downgraded to hold from buy
RB. UBS: reiterated buy, tp 4000
ROR Citigroup: initiated hold
RSW Citigroup: initiated sell
SBRY UBS [HB]: reiterated buy, tp reiterated 450
SGE UBS: reiterated sell, tp raised to 265 from 260
SPX Citigroup: initiated buy
SVT Nomura: reiterated buy, tp raised to 1590 from 1540
SXS Citigroup: initiated buy
UU. Nomura: reiterated neutral, tp reiterated 625
VEC JPMorgan: reiterated overweight, tp raised to 100 from 90
WTB Goldman: buy, tp raised to 2200 from 1750

End-of-day Market Overview

Have a great weekend all! Keep warm!

G.