Good morning traders!

In the US last night, the Dow rose 173 points at 11,181, the Nasdaq added 38 points at
2,514 and the S&P500 gained 18 points at 1,197.

In Asia today, the Nikkei was last up 12 points at 10,026, while the Hang Seng ended the
morning off 353 points at 23,284.

Crude oil traded at $82 a barrel on Nymex.

Gold settled at $1,355 an ounce.

Happy Friday!

G.

ARM Morgan Stanley: reiterated overweight, tp 530
AU. UBS [HB]: reiterated neutral, tp reiterated 1600
AVV Goldman: reiterated conviction buy
BG. ING: buy, tp raised to 1535 from 1450
BLND Morgan Stanley: reiterated overweight, tp raised to 630 from 500
BRBY Citigroup: reiterated hold, tp raised to 990 from 900
BWNG Morgan Stanley: initiated overweight, tp 375
BYG Morgan Stanley: overweight, tp raised to 410 from 350
CAPC Morgan Stanley: reiterated underweight, tp raised to 130 from 100
CBG JPMorgan: reiterated overweight
CBG UBS: reiterated neutral, tp raised to 800 from 700
CPI JPMorgan: reiterated overweight, tp cut to 880 from 900
CPI UBS: reiterated sell, tp cut to 650 from 700
CSCG Morgan Stanley: underweight, tp cut to 320 from 380
CWR Goldman: reiterated neutral, tp reiterated 75
DLAR JPMorgan: reiterated neutral
DLN Morgan Stanley: upgraded to overweight from equal weight, tp raised to 1840 from 1390
DLN UBS: neutral, tp raised to 1550 from 1500
DMGT UBS: reiterated buy, tp 560
ETI UBS: reiterated sell, tp 95
GPOR Morgan Stanley: upgraded to overweight from equal weight, tp raised to 430 from 320
HFD Citigroup: reiterated buy, tp cut to 500 from 630
HMSO Morgan Stanley: downgraded to equal weight from overweight, tp raised to 500 from 420
IMG Jeffries: upgraded to buy from hold
INVP Deutsche: buy, tp reiterated 550
INVP UBS: reiterated buy, tp 540
IPF Goldman: reiterated buy
LSE BarCap: equal weight, tp raised to 740 from 700
LSE JPMorgan: neutral
MRO JPMorgan: reiterated overweight
NG. Nomura: downgraded to neutral from buy, tp raised to 570 from 525
PMO BarCap: overweight, tp raised to 2020 from 1925
PSON UBS: reiterated buy, tp 1350
QQ. JPMorgan: reiterated neutral
RBS Macquarie: downgraded to neutral from outperform
RR. Goldman: reiterated conviction buy, tp reiterated 810
RR. Morgan Stanley: reiterated overweight, tp reiterated 720
RR. UBS: reiterated sell, tp 500
SAB BarCap: equal weight, tp raised to 2300 from 2200
SAB Nomura: reduce, tp raised to 2000 from 1900
SAB S&P: sell, tp raised to 1880 from 1700
SAB UBS: reiterated buy, tp reiterated 2220
TALK JPMorgan: reiterated neutral, tp raised to 148 from 145
TATE RBS [HB]: buy, tp raised to 580 from 530
TCY Citigroup: upgraded to buy from hold, tp raised to 560 from 477
TW. UBS [HB]: reiterated neutral, tp cut to 29 from 31

End-of-day Market Overview