AAL Morgan Stanley: upgraded to overweight from equalweight, tp raised to 2819 from 2345
BAB Citigroup: initiated buy, tp 683
BEZ RBS: buy, tp cut to 130 from 150
BRE RBS: hold, tp raised to 230 from 195
CGL RBS: buy, tp cut to 370 from 415
HSX RBS: buy, tp raised to 370 from 365
JPR Goldman: neutral, tp cut to 38 from 46
LRE RBS: downgraded to hold from add, tp raised to 540 from 490
NVA RBS: downgraded to hold from buy, tp raised to 345 from 330
RDSB NCB: buy, tp 1960
SDR Credit Suisse: upgraded to outperform from neutral, tp raised to 1035 from 1020
SL. ING: reiterated hold
TNI Goldman: downgraded to negative from buy
VTG Citigroup: initiated sell, tp 519

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