ABF RBS: downgraded to sell from hold, tp cut to 685 from 705
AML KBW: downgraded to underperform from market perform, tp raised to 355 from 340
AU. UBS: upgraded to buy from neutral
BEZ KBW: tp cut to 165 from 180
BRE KBW: downgraded to underperform from market perform, tp cut to 220 from 240
CGL KBW: downgraded to market perform from outperform, tp cut to 420 from 460
EMG UBS: upgraded to neutral from sell, tp raised to 245 from 212
HSX KBW: downgraded to underperform from market perform, tp raised to 345 from 335
IMI UBS: downgraded to neutral from buy
ISYS UBS: upgraded to buy from neutral
ITV UBS: upgraded to buy from neutral, tp reiterated 37
OML UBS: upgraded to buy from neutral
RBS UBS: upgraded to neutral from sell, tp raised to 40 from 35
SGRO HSBC: upgraded to overweight from underweight
VOD SocGen: reiterated sell, tp cut to 100 from 110

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