WestLB Analyst Recommendations & Stock Picks

This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at WestLB. These ratings and price targets were collected from public media reports and are believed to be accurate, but cannot be verified with 100% certainty. MarketBeat and its parent company are in no way affiliated with or endorsed by WestLB.

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Company	Current Price	Rating Date	Action	Brokerage	Analyst	Rating	Price Target	Impact on Price	Details	Actions
SAN Banco Santander	$4.92 +0.2%	5/14/2012	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 5/14/2012
UBS UBS Group	$30.56 +1.3%	5/8/2012	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of UBS Group (NYSE:UBS) on 5/8/2012
LYG Lloyds Banking Group	$3.09 +1.0%	5/4/2012	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Lloyds Banking Group (NYSE:LYG) on 5/4/2012
SAN Banco Santander	$4.92 +0.2%	4/24/2012	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 4/24/2012
NWG NatWest Group	$9.53 +7.9%	3/8/2012	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of NatWest Group (NYSE:NWG) on 3/8/2012
VEOEY Veolia Environnement	$15.71 +1.2%	3/2/2012	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Veolia Environnement (OTCMKTS:VEOEY) on 3/2/2012
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BASFY Basf	$11.90 -1.5%	2/16/2012	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Basf (OTCMKTS:BASFY) on 2/16/2012
FMS Fresenius Medical Care	$20.30 -0.4%	2/15/2012	Downgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Fresenius Medical Care (NYSE:FMS) on 2/15/2012
BBVA Banco Bilbao Vizcaya Argentaria	$10.97 +0.6%	2/8/2012	Upgraded by	WestLB	-	Reduce -> Neutral		N/A	View details for WestLB rating of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) on 2/8/2012
SAN Banco Santander	$4.92 +0.2%	2/3/2012	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 2/3/2012
BCS Barclays	$11.99 +2.0%	1/31/2012	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Barclays (NYSE:BCS) on 1/31/2012
HVRRY Hannover Rück	$41.69 +1.1%	1/31/2012	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Hannover Rück (OTCMKTS:HVRRY) on 1/31/2012
NWG NatWest Group	$9.53 +7.9%	1/26/2012	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of NatWest Group (NYSE:NWG) on 1/26/2012
BBVA Banco Bilbao Vizcaya Argentaria	$10.97 +0.6%	1/12/2012	Upgraded by	WestLB	-	Sell -> Reduce		N/A	View details for WestLB rating of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) on 1/12/2012
BMWYY Bayerische Motoren Werke Aktiengesellschaft	$31.65 -0.3%	12/19/2011	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) on 12/19/2011
NWG NatWest Group	$9.53 +7.9%	11/21/2011	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of NatWest Group (NYSE:NWG) on 11/21/2011
SIEGY Siemens Aktiengesellschaft	$92.52 +1.1%	11/10/2011	Downgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) on 11/10/2011
LYG Lloyds Banking Group	$3.09 +1.0%	11/9/2011	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Lloyds Banking Group (NYSE:LYG) on 11/9/2011
NOK Nokia Oyj	$3.85 +0.5%	10/12/2011	Downgraded by	WestLB	-	Sell		N/A	View details for WestLB rating of Nokia Oyj (NYSE:NOK) on 10/12/2011
ERIC Telefonaktiebolaget LM Ericsson (publ)	$6.69 +2.1%	10/11/2011	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 10/11/2011
SAN Banco Santander	$4.92 +0.2%	10/5/2011	Downgraded by	WestLB	-	Reduce		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 10/5/2011
CRZBY Commerzbank	$16.60 -1.0%	8/12/2011	Upgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Commerzbank (OTCMKTS:CRZBY) on 8/12/2011
ERIC Telefonaktiebolaget LM Ericsson (publ)	$6.69 +2.1%	7/22/2011	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 7/22/2011
CRZBY Commerzbank	$16.60 -1.0%	7/20/2011	Upgraded by	WestLB	-	Neutral		N/A	View details for WestLB rating of Commerzbank (OTCMKTS:CRZBY) on 7/20/2011
NOK Nokia Oyj	$3.85 +0.5%	7/19/2011	Upgraded by	WestLB	-	Reduce -> Neutral		N/A	View details for WestLB rating of Nokia Oyj (NYSE:NOK) on 7/19/2011
NOK Nokia Oyj	$3.85 +0.5%	6/1/2011	Downgraded by	WestLB	-	Neutral -> Reduce		N/A	View details for WestLB rating of Nokia Oyj (NYSE:NOK) on 6/1/2011
CRZBY Commerzbank	$16.60 -1.0%	5/25/2011	Upgraded by	WestLB	-	Sell -> Reduce		N/A	View details for WestLB rating of Commerzbank (OTCMKTS:CRZBY) on 5/25/2011
VEOEY Veolia Environnement	$15.71 +1.2%	5/10/2011	Downgraded by	WestLB	-	Buy		N/A	View details for WestLB rating of Veolia Environnement (OTCMKTS:VEOEY) on 5/10/2011
SAN Banco Santander	$4.92 +0.2%	5/4/2011	Downgraded by	WestLB	-	Neutral -> Reduce		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 5/4/2011
NOK Nokia Oyj	$3.85 +0.5%	4/26/2011	Upgraded by	WestLB	-	Sell -> Neutral		N/A	View details for WestLB rating of Nokia Oyj (NYSE:NOK) on 4/26/2011
CRZBY Commerzbank	$16.60 -1.0%	4/7/2011	Downgraded by	WestLB	-	Reduce -> Sell		N/A	View details for WestLB rating of Commerzbank (OTCMKTS:CRZBY) on 4/7/2011
SAN Banco Santander	$4.92 +0.2%	3/18/2011	Upgraded by	WestLB	-	Reduce -> Neutral		N/A	View details for WestLB rating of Banco Santander (NYSE:SAN) on 3/18/2011
ERIC Telefonaktiebolaget LM Ericsson (publ)	$6.69 +2.1%	2/18/2011	Downgraded by	WestLB	-	Buy -> Neutral		N/A	View details for WestLB rating of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) on 2/18/2011

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