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| Broker |
Analyst |
Recommendation |
| Ahorro Corporacion |
Maria Paz Ojeda |
Sell |
| Bayerische Landesbank |
Dirk Krieger |
Hold |
| BBVA Research S.A |
Silvia Rigol |
Reduce |
| Bear Stearns & Co |
Paul F Goodhind |
Peerperform |
| Citigroup |
William Elderkin |
Hold |
| Collins Stewart |
Tim Young |
Add |
| Credit Suisse |
Robin Mitra |
Neutral |
| Daiwa Institute |
Tim Proudlove |
Underperform |
| Deutsche Bank |
Oliver Steel |
Hold |
| Dresdner Kleinwort |
Richard Hewitt |
Reduce |
| DZ Bank AG |
Werner Eisenmann |
Sell |
| Exane BNP Paribas |
Erwan Du Halgouet |
Neutral |
| Fox-Pitt, Kelton |
Farquhar Murray |
Outperform |
| Goldman Sachs |
Richard Burden |
Buy/Neutral |
| Hamburger Sparkasse |
Christian Hamann |
Hold |
| HSBC |
James Garner |
Neutral |
| Independent Research GmbH |
Pierre Drach |
Accumulate |
| ING Wholesale Banking |
Jason Kalamboussis |
Buy |
| JPMorgan |
Andy Hughes |
Underweight |
| KBC Securities |
Dirk Peeters |
Buy |
| Keefe, Bruyette & Woods |
Chris Hitchings |
Outperform |
| Kempen & Co |
Ryan Palecek |
Buy |
| Landesbank BW |
Werner Schirmer |
Buy |
| Lehman Brothers |
Nick Holmes |
Overweight/Positive |
| Merrill Lynch |
Frank Stoffel |
Neutral |
| MF Global Securities Ltd. |
Trevor Moss |
Buy |
| Morgan Stanley |
Farooq Hanif |
Underweight/In-line |
| Natixis Securities |
Benoit Valleaux |
Reduce |
| Oddo & Cie |
Mathilde Sauve |
Reduce |
| Petercam |
Ton Gietman |
Add |
| Rabo Securities |
Cor Kluis |
Hold |
| Raymond James |
Danny Jacques |
Fairly valued |
| Sanford C. Bernstein & Co |
Bruno Paulson |
Outperform |
| Societe Generale |
Michael van Wegen |
Buy |
| Standard & Poor's |
Tanjila Shafi |
Hold |
| UBS |
Marc Thiele |
Buy |
| WestLB Equity Markets |
Andreas Schaefer |
Add |
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| *Source: Bloomberg |
April 7, 2008 |
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