European broker round-up

Date: Tuesday 29 May 2012

ArcelorMittal: HSBC upgrades to OVERWEIGHT from neutral.

Bankia: BNP Paribas recommends UNDERWEIGHT and lowers price target of €0.30; UBS downgrades from neutral to SELL, target slashed from €2.75 to €0.50.

CGG Veritas: UBS upgrades to BUY from neutral.

Lonza: UBS cuts target from CHF49.50 to CHF35, neutral rating kept.

Maersk: UBS cuts target from DKr44,200 to DKr40,100, neutral rating unchanged.

Motor Oil: UBS cuts target from €12 to €11, buy rating kept.

MJ

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