EUROPE RESEARCH ROUND-UP: ArcelorMittal, MAN, Swatch=2

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cuts target price by 20 percent to EUR16 * Tieto Oyj : UBS cuts to sell from neutral; ups target to EUR 13 from EUR 12.50 * TMK : Renaissance Capital cuts price target to $19 from $22.4; rating buy * Tullow Oil : Canaccord Genuity cuts to hold from buy * Tullow Oil : Canaccord Genuity raises price target to 1700P from 1600P * UBI Banca : Natixis raises target price to EUR 3.34 From EUR 3.14 ; rating neutral * Valiant Petroleum : Macquarie ups price target to 735P from 625P; rating ...

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