Ratings of the day 23.05.2017

by **Admin** Tue May 23, 2017 4:03 pm

UPGRADES:
• ArcelorMittal raised to neutral at UBS, PT EU21.50
• BMW raised to hold at HSBC, PT EU85
• Banco BPM raised to overweight at Barclays
• Bayer raised to outperform at MainFirst, PT EU150
• Clariant raised to outperform at MainFirst, PT CHF25
• Credit Agricole raised to add at AlphaValue
• Derichebourg raised to buy at Oddo & Cie
• EasyJet raised to sector perform at RBC, PT 1,325p
• Huhtamaki raised to accumulate at Inderes, PT EU37.50
• Indra raised to hold at SocGen, PT EU11.50
• Italgas raised to neutral at Exane, PT EU4.60
• Kloeckner raised to neutral at UBS, PT EU10
• LafargeHolcim raised to outperform at Bernstein, PT EU59
• Repsol raised to buy at Alantra Equities, PT EU17.45
• Saipem raised to add at AlphaValue
• Scandinavian Tobacco raised to hold at SEB Equities, PT DKK100
• Schneider raised to outperform at Exane, PT EU75
• SocGen raised to add at AlphaValue
• Verbund raised to buy at Commerzbank, PT EU18.90
DOWNGRADES:
• ABB cut to neutral at Exane, PT CHF24
• ACS cut to equal-weight at Morgan Stanley, PT EU36
• Arrow Global cut to neutral at Goldman
• Aryzta cut to hold at SocGen, PT CHF36
• HIS SM cut to underperform at BofAML
• Julius Baer cut to neutral at MedioBanca, PT CHF52
• Lonmin cut to sell at Citi, PT 95p
• Restaurant Group cut to sell at UBS, PT 275p
• STMicroelectronics cut to hold at Equita SIM, PT EU14.70
• UCB cut to neutral at Citi, PT EU65
• UCB cut to neutral at Credit Suisse, PT EU68
• Van Lanschot cut to hold at ABN Amro Bank, PT EU23
INITIATIONS:
• Atlantia New Outperform at Raymond James, PT EU28
• Autoneum Re-initiated Hold at Bank Vontobel, PT CHF310
• EJF Investments New Buy at Liberum, PT 161.70p
• FTON SW Re-initiated Hold at Bank Vontobel
• Georg Fischer Re-initiated Buy at Bank Vontobel, PT CHF1,100
• Komax Re-initiated Buy at Bank Vontobel, PT CHF335
• SSM Holding New Hold at SEB Equities, PT SEK62