>>> Up
*ARKEMA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*CREDIT SUISSE RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*DEUTSCHE BANK RAISED TO NEUTRAL VS SELL AT GOLDMAN
*ENEL RAISED TO STRONG BUY VS OUTPERFORM AT RAYMOND JAMES
*HAULOTTE GROUP RAISED TO HOLD VS SELL AT SOCGEN
*HAVAS RAISED TO BUY VS NEUTRAL AT NOMURA
*POUNDLAND RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
>>> Down
*BOUYGUES CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*ELECTROCOMPONENTS CUT TO UNDERPERFORM AT CREDIT SUISSE
*IMI CUT TO HOLD VS BUY AT INVESTEC
*NOVATEK CUT TO HOLD VS BUY AT SOCGEN
*PFEIFFER VACUUM CUT FROM CONVICTION BUY AT GOLDMAN, STILL BUY
*PUBLICIS CUT TO NEUTRAL VS BUY AT NOMURA
*SABMILLER CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
>>> PT Change
*DANIELI ORD. PT CUT TO EU26 VS EU27 AT GOLDMAN; KEPT AT NEUTRAL
*DANIELI SAV. PT CUT TO EU18 VS EU19 AT GOLDMAN; KEPT AT NEUTRAL
*EASYJET PT RAISED TO 1,500P VS 1,400P AT CANTOR; KEPT AT HOLD
>>> Initiation
*DS SMITH RATED NEW HOLD AT JEFFERIES
*SMURFIT KAPPA RATED NEW BUY AT JEFFERIES
>>> Call
>> Stock
*BHP BILLITON ADDED TO CITI'S FOCUS LIST EUROPE
*SPORTS DIRECT ADDED TO EXANE KEY IDEAS LIST; ILIAD REMOVED