LR FP LEGRAND SA Electronic & Electrical (Quinn MC FP LUPIN MOST HENNESSY LOUIS VUI Personal Goods M.FP MICHELIN (CGDEI Automobiles & Parts MT NA ARCELORMTTAL Industrial Metals& Wining OR FP L'OREAL Personal Goods Pp FP PPR General Retailers PUBFP PUBUOS GROUPE Media RI FP PERNOPRI

itiates WERN/KNX (buy's) and HTLD (neut), FBR downgrades NTLS Key Research: Macquarie downgrades BMW GR, UBS initiates PC IM (buy), Bofa downgrades MT NA Reporting Pre-Open: APA, BDX, BEAM, CAR, CI, CLX, CNP, DNR, DTV, DUK, HSIC, K, PH, PKD, PNW, PWR, RDC, SCG, SE, SEE, SNI, SRE, TDC, TWC, WPX, XEL,

AT LN (uw), KRA1V FH (uw), LIN GY (ew), SYNN VX (uw), URKA LI (ew), SYNT LN (ow), SDF GY (uw), YAR NO (ew) • UBS European Steel: (downgrade SZG GY, MT NA) upgrade EZJ GY, downgrade KNIN VX, -ve NOK1V FH, upgrade TCG LN EFTA00397051 ••• JPM initiate VSVS (ow), upgrade IAG LN, GS downgrade NAUR NO, a

rie• Bond Teter/Recommend Bosomy' Deocation A% Stool Asooloclottal Connordal Metals Co. Nucor Ryerson Stool Dynamics V.S. Stool *KS $5 64 MT NA 327 47 csic $21 12 ME $64 19 Ryi $10 IS $11.0 $4303 X $3496 AKS BUY MIX% BUY CLIC NR NILE NR Rai BUY STUD MOLD X MR Mortfac