EUROPE-RESEARCH/ (NON-FTSEUROFIRST300)

Mouchel (MCHL.L: Quote, Profile, Research) Altium Cuts price target to
455p from

460p; rating buy
---------------------------------------------------------------
------------ Nexans (NEXS.PA: Quote, Profile, Research) Goldman Sachs Cuts
price target to 80 euros

from 95 euros; rating
neutral
---------------------------------------------------------------
------------ Oce NV (OCEN.AS: Quote, Profile, Research) Goldman Sachs Cuts
price target to 6 euros from

9.40 euros; rating
neutral
---------------------------------------------------------------
------------ Partygaming (PRTY.L: Quote, Profile, Research) Goldman Sachs Cuts
price target to 297p from 320p;

rating neutral
---------------------------------------------------------------
------------ Premier Oil (PMO.L: Quote, Profile, Research) RBS Cuts
price target to 2015p from

2160p; rating buy
---------------------------------------------------------------
------------ Public Power (DEHr.AT: Quote, Profile, Research) Goldman Sachs Cuts
price target to 24 euros from

28 euros; rating
neutral
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------------ Publicis (PUBP.PA: Quote, Profile, Research) ING Cuts
price target to 27 euros from

32 euros; keeps buy
rating
---------------------------------------------------------------
------------ Randstad (RAND.AS: Quote, Profile, Research) UBS Cuts to
neutral from buy
---------------------------------------------------------------
------------ Redrow (RDW.L: Quote, Profile, Research) Panmure Cuts
price target to 89p from

100p; keeps sell
rating

Numis Cuts target price to
110p from 367p
---------------------------------------------------------------
------------ Restaurant Group Goldman Sachs Cuts
price target to 145p from 170p;
(RTN.L: Quote, Profile, Research) rating neutral
---------------------------------------------------------------
------------ Rexel (RXL.PA: Quote, Profile, Research) Lehman
Reinitiates with equal weight

rating and price
target of 13 euros
---------------------------------------------------------------
------------ Richter Gedeon Citigroup Cuts
price target to Huf 38,500
GDRB.BU from Huf 40,500;
rating buy
---------------------------------------------------------------
------------ Saft Groupe (S1A.PA: Quote, Profile, Research) Goldman Sachs Cuts to
neutral from buy; removes

from pan-Eurpe buy
list
---------------------------------------------------------------
------------ Sandvine Corp Panmure Cuts to
sell from buy
(SANDxq.L: Quote, Profile, Research)
----------------------------------------------------------------
----------- SKF (SKFb.ST: Quote, Profile, Research) UBS Cuts
price target to Sek 85 from

Sek 110; keeps sell
rating

Goldman Sachs Cuts price target to
Sek 100

from Sek 115; rating
neutral
---------------------------------------------------------------
------------ Sligro (SLIGR.AS: Quote, Profile, Research) Rabo Cuts
price target to 25 euros

from 28 euros; keeps
hold rating
---------------------------------------------------------------
------------ Spirax-Sarco (SPX.L: Quote, Profile, Research) HSBC Raises
price target to 960p

from 900p; keeps
underweight rating
---------------------------------------------------------------
------------ Tomkins (TOMK.L: Quote, Profile, Research) Goldman Sachs Cuts to
sell from neutral; cuts

price target to 125p
from 180p
---------------------------------------------------------------
------------ TomTom (TOM2.AS: Quote, Profile, Research) UBS Cuts
price target to 22 euros

from 33 euros; keeps
buy rating
---------------------------------------------------------------
------------ TUI Travel (TT.L: Quote, Profile, Research) Dresdner Raises
to hold from reduce
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------------ WPP Group Collins Stewart Cuts to
hold from buy
(WPP.L: Quote, Profile, Research)
---------------------------------------------------------------
------------ Zumtobel (ZUMV.VI: Quote, Profile, Research) JP Morgan Cuts
price target to 14.50 euros

from 24 euros; rating
neutral
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------------ ((Compiled by Ramya Dilip and Eric Yep; Bangalore
Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223
8780))