>>> Brokers Upgrade & Downgrade - 10th of February 2015

>>> Up
*ACRON RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*CRH RAISED TO ADD VS HOLD AT NUMIS
*ILLOVO SUGAR RAISED TO NEUTRAL VS SELL AT UBS
*ITV RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*LENTA RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*MARKS & SPENCER RAISED TO OUTPERFORM VS SECTORPERFORM AT RBC
*MICRO FOCUS RAISED TO BUY VS NEUTRAL AT CITI
*NEXT RAISED TO SECTORPERFORM VS UNDERPERFORM AT RBC, PT 7,400P
*YARA RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC

>>> Down
*ALPHA BANK CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*AURUBIS CUT TO SELL VS BUY AT BANKHAUS LAMPE
*EUROBANK CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*KONECRANES CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*RANDGOLD CUT TO HOLD VS BUY AT DEUTSCHE BANK
*SAPPI CUT TO NEUTRAL VS BUY AT UBS
*SPORTS DIRECT CUT TO UNDERPERFORM VS SECTORPERFORM AT RBC
*TELEFONICA DEUTSCHLAND CUT TO SELL VS HOLD AT SOCGEN
*TUPRAS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*UMICORE CUT TO NEUTRAL VS BUY AT UBS
*YANDEX CUT TO EQUALWEIGHT AT MORGAN STANLEY

>>> PT change
*RECTICEL PT CUT TO EU5 FROM EU6.50 AT ING

>>> Initiation


>>> Call
>> Stock
*L’OREAL REMOVED FROM JPMORGAN ANALYST FOCUS LIST