ALLIANCE & LEICESTER CUT TO 'SELL' VS 'HOLD' IN CITIGROUP REVIEW
REED ELSEVIER UPGRADED TO 'BUY' FROM 'HOLD' AT CITIGROUP
HIKMA PHARMACEUTICALS STARTED AS 'HOLD' WITH 640p TARGET AT CITIGROUP
BAT DOWNGRADED TO 'UNDERWEIGHT' VS 'EQUAL-WEIGHT' AT LEHMAN BROTHERS
ALLIANCE & LEICESTER CUT TO 'SELL' VS 'NEUTRAL' AT MERRILL LYNCH
HAMMERSON CUT TO 'NEUTRAL' FROM 'BUY' AT MERRILL LYNCH