Jul 03
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ANALYST RATINGS CHANGES AS OF 1100 GMT

ANALYST RATINGS CHANGES AS OF 1100 GMT

Last Update: 6/23/2008 6:58:28 AM

BROKER & NEW RATING (FROM) TARGET (PREVIOUS)
COMPANY
=========================================================
ABN Amro:
BP 560P (585P)
Carnival 1750P (1950P)
Eni EUR22.5 (EUR23)
Roche CHF225 (CHF230)
Royal Dutch Shell 2340P (2400P)
Statoil Hydro Sell (Hold) NOK175 (NOK182)
Total Buy (Hold) EUR61.5 (EUR62)
Weir Group Add (Hold)
=========================================================
Arbuthnot:
Weir Group 880P (840P)
=========================================================
Cheuvreux:
Fiat EUR16.5 (EUR19.1)
=========================================================
Citigroup:
Hoschild Mining 410P (470P)
New World Resources Hold 1900P
Zentiva CZK1125 (CZK950)
=========================================================
Credit Suisse:
BMW EUR30 (EUR34)
Continental EUR88 (EUR93)
Daimler EUR70 (EUR80)
Fiat EUR10 (EUR12)
Michelin EUR45 (EUR50)
Peugeot EUR32 (EUR46)
Porsche EUR90 (EUR110)
Renault EUR75 (EUR90)
Volkswagen EUR115 (EUR135)
=========================================================
Deutsche Bank:
Deutsche Boerse Buy (Hold)
=========================================================
Dexia:
Telenet Buy (Neutral)
=========================================================
Erste Bank:
Strabag EUR55 (EUR48)
=========================================================
Goldman Sachs:
JKX Oil & Gas Buy (Neutral) 569P (471P)
Logitech Sell (Neutral) CHF24.5* (CHF25.5)
Regal Petroleum 344P (281P)
Shire Buy (Neutral)
=========================================================
HSBC:
British Land 715P (800P)
Brixton 210P (255P)
Hammerson 610P (700P)
Land Securities Underweight (Neutral) 1195P (1500P)
Liberty International 565P (680P)
Novo Nordisk Neutral (Underweight) DKK320 (DKK305)
Segro 325P (425P)
Woolworths Group Neutral (Overweight) 10.3P (16P)
=========================================================
Investec:
Tate & Lyle 400P (490P)
=========================================================
JP Morgan:
Big Yellow 415P (500P)
British Land 1000P (1200P)
Brixton 320P (390P)
Capital & Regional 300P (465P)
Corio Underweight (Neutral)
Derwent London 1200P (1652P)
Great Portland Estates Overweight (Neutral) 425P (595P)
Hammerson Overweight (Neutral) 1050P (1300P)
Land Securities 1530P (1800P)
Liberty International 1000P (1115P)
Segro International 450P (565P)
Shaftesbury Neutral (Underweight) 460P (595P)
Veolia Environment EUR47 (EUR56)
=========================================================
Lehman Bros:
Adidas EUR52 (EUR46)
=========================================================
Merrill Lynch:
Commerzbank Buy (Neutral) EUR24.8 (EUR23.2)
Expro International 1700P (1600P)
Postbank Neutral (Buy)
Wincor Nixdorf Buy (Neutral) EUR55 (EUR52)
=========================================================
Morgan Stanley:
Daimler EUR58 (EUR63)
National Grid 755P (805P)
Sanofi-Aventis EUR49 (EUR53)
=========================================================
Numis:
Weir Group 1020P (966P)
=========================================================
Oddo Securities:
Danone EUR72 (EUR75)
=========================================================
Panmure:
Aggreko Buy (Hold) 720P (640P)
Lloyds TSB 350P (410P)
Robert Wiseman Dairies Buy (Hold)
=========================================================
SNS Securities:
ASMI EUR22.5 (EUR16.5)
Fugro Buy (Hold) EUR64 (EUR66)
=========================================================
Societe Generale:
Compass Group Buy 415P
Veolia EUR45 (EUR56)
=========================================================
UBS:
Aggreko 700P (640P)
EFG Buy (Neutral) CHF38 (CHF36)
HBOS 345P (350P)
Julius Baer CHF78 (CHF81)
St. Galler Kantonalbank Neutral (Buy) CHF510 (CHF560)
=========================================================

The period for all target prices is unavailable, unless otherwise stated

* - 9-month

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Jul 03
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Veolia Environnement SA (VE): Reliance Infrastructure Plans $7 Billion of Investments in India and Abroad, an Industrial Info News Alert

Reliance Infrastructure Plans $7 Billion of Investments in India and Abroad, an
Industrial Info News Alert

BANGALORE, INDIA, Jul 03, 2008 (MARKET WIRE via COMTEX) — Researched by
Industrial Info Resources (Sugar Land, Texas) — Reliance Infrastructure Limited
(BOM:500390) (Mumbai) will make investments of around $7 billion over the next
three years toward expansion of its domestic engineering and construction
business, as well as acquisition of assets overseas. Along with many other
projects, the company is currently building a 12-kilometer (km) stretch of metro
rail in Mumbai in partnership with Veolia Transport, a branch of Veolia
Environnement SA (VE) (Paris, France). Reliance Infrastructure and Canada-based
Bombardier Incorporated (CA:BBD.A) (Montreal, Quebec), the world’s second largest
manufacturer of trains, have jointly bid for the 67-km rail corridor project in
Hyderabad, India. The company is also developing 400 km of roads in south India,
as well as 77 acres of land in Hyderabad, where it will construct a 100-storey
building to lease office space.

For details, view the entire article by subscribing to Industrial Info’s Premium
Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=135067, or
browse other breaking industrial news stories at http://www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing
in industrial process, energy and financial related markets with products and
services ranging from industry news, analytics, forecasting, plant and project
databases, as well as multimedia services. For more information send inquiries to
industrialmanufacturing@industrialinfo.com or visit us online at
http://www.industrialinfo.com.

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Jul 01
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S&P hikes Yahoo to buy; 12-month price target of $27

SAN FRANCISCO (MarketWatch) — S&P Equity Research on Tuesday hiked Yahoo Inc. to
buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s
troubles, including a less firm global online advertising market, notable
competition, recent losses of substantial management talent, inconsistent
execution, and considerable distractions and uncertainty related to the Aug. 1
shareholder meeting,” said Scott Kessler, an information technology analyst at
Standard & Poor’s Equity Research. However, Kessler noted that risk-reward
considerations are favorable. Shares of Yahoo are down 4.8% to $19.66, a level
not seen since Microsoft launched a bid for the Internet portal.

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Jul 01
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Financials stocks skid in early action

NEW YORK (MarketWatch) — U.S. financial stocks fell early Tuesday, as the
Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P500, lost 1.2%, while the Amex Securities Broker/Dealer Index slipped 0.3%.
Investors are closely eyeing financial firms as the third quarter begins, and are
maintaining negative outlook as the credit crisis continues to weigh. Swiss bank
UBS retreated 4.7% on news of a Justice Department probe and possible
write-downs. On the positive side, shares of Lehman rebounded to climb 1.7% a day
after the bank fell 11% and faced new rumors about its liquidity. Commercial
finance company CIT Group Inc. rose 14.3% after announcing it will exit the home
lending business.

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Jul 01
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Dow Jones Industrial futures were off 111 points to 11228.

DOW JONES NEWSWIRES

Stock-index futures point toward a sharply lower opening for Wall Street Tuesday,
with a steep fall in Europe and continuing worries about rising oil prices
expected to start the third quarter on a negative note.

Dow Jones Industrial futures were off 111 points to 11228.

S&P 500 futures were down 13 points to 1268. Nasdaq 100 futures fell 28 points to
1817.

European shares were under pressure Tuesday, with banks tumbling amid worries
about, among other things, further losses tied to the subprime-mortgage crisis.

The pan-European Stoxx Europe 600 index was off 2%.

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