>>> Up
*COMMERZBANK RAISED TO OVERWEIGHT VS EQUALWEIGHT:MORGAN STANLEY
*FCC RAISED TO HOLD VS SELL AT SOCGEN
*HERMES INTL RAISED TO HOLD VS SELL AT SOCGEN
*INDITEX RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*M6 RAISED TO BUY VS NEUTRAL AT CITI
*MEDIASET ESPANA RAISED TO NEUTRAL VS SELL AT CITI
*MEGGITT RAISED TO BUY VS NEUTRAL AT UBS
*NOKIAN RENKAAT RAISED TO STRONG BUY VS BUY AT NORDEA
*SYMRISE RAISED TO NEUTRAL VS SELL AT CITI
*TNT EXPRESS RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*BOIRON CUT TO HOLD VS BUY AT SOCGEN
*BURBERRY CUT TO NEUTRAL VS BUY AT BOFAML
*HIKMA PHARMA CUT TO HOLD AT JEFFERIES
*KAZAKHMYS CUT TO REDUCE VS NEUTRAL AT NOMURA
*RBS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*SBM OFFSHORE CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*TELE2 CUT TO HOLD VS BUY AT BERENBERG
>>> PT Change
*CAMPARI PT CUT TO EU5.5 VS EU5.7 AT UBS; KEPT AT SELL
>>> Initiation
*PEGASUS RATED NEW NEUTRAL AT CREDIT SUISSE
*TECAN RATED NEW BUY AT KEPLER CHEUVREUX; PT CHF120
*TIETO RESUMED BUY AT NORDEA, PT EU22
>>> Call
>> Stock
*OPHIR ENERGY CUT FROM CREDIT SUISSE SMID FOCUS LIST
*GAZPROM, SBERBANK CUT FROM CITI’S FOCUS LIST CEEMEA
*LUKOIL ADDED TO CITI’S FOCUS LIST CEEMEA
*ROLLS-ROYCE REMOVED FROM UBS’S LEAST PREFERRED LIST