Nestle:Upgrade to BUY 1 (from Neutral 1)
Increase Price Target to CHF360 (from CHF315)
Analyst: Alan Erskine

Suedzucker:Initiation of Coverage
We initiate coverage with a NEUTRAL 2 rating and ?15 Price Target
Analyst: Markus Kraemling

KPN:Maintain BUY 1 Rating
Increase Price Target to ?7.7 (from ?7.5)
Analyst: Marcus Baeumer

Bodycote:Maintain BUY 2 Rating
Increase Price Target to 215p (from 170p)
Analyst: David Buxton

Kidde:Upgrade to BUY 2 (from Neutral 1)
Increase Price Target to 113p (from 78p)
Analyst: David Buxton

Renold:Upgrade to BUY 2 (from Neutral 2) Rating
Increase Price Target to 108p (from 58p)
Analyst: David Buxton

Vitec:Upgrade to BUY 2 (from Neutral 2)
Increase Price Target to 495p (from 310p)
Analyst: David Buxton

Hunter Douglas:Downgrade to NEUTRAL 2 (from Buy 2)
Maintain ?30 Price Target
Analyst: Bob Kommers

Krones:Downgrade to NEUTRAL 2 (from Buy 2)
Maintain ?62 Price Target
Analyst: Sven Weier

Bilfinger Berger:Maintain BUY 1 Rating
Increase Price Target to ?31 (from ?30)
Analyst: Achim Henke

Wilson Bowden:Downgrade to NEUTRAL 2 (from Buy 2)
Increase Price Target to 1169p (from 1100p)
Analyst: Mark Stockdale

Sika:Maintain BUY 1 Rating
Increase Price Target to CHF550 (from CHF510)
Analyst: Ken Kagerer

Piraeus Bank:Upgrade to BUY 2 (from Neutral 2)
Increase Price Target to ?10.5 (from ?6.3)
Analyst: Dimitris Spanodimos