>>> Up
*ADMIRAL GROUP RAISED TO BUY AT NUMIS SECURITIES
*BWIN.PARTY DIGITAL RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*DAELIM INDUSTRIAL RAISED TO BUY VS NEUTRAL AT GOLDMAN
*DIXY GROUP RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*GENERALI RAISED TO NEUTRAL VS SELL AT CITI
*MONCLER RAISED TO BUY VS NEUTRAL AT UBS
*NORDGOLD RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*ORANGE RAISED FROM NEUTRAL TO OVERWEIGHT AT JPM
*RWE RAISED TO OUTPERFORM AT RBC CAPITAL
*TELECOM ITALIA RAISED TO OUTPERFORM AT MACQUARIE
*TELIASONERA CUT TO UNDERWEIGHT AT JPMORGAN
*TENARIS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*TRYG RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*TUI TRAVEL RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*VOESTALPINE RAISED TO BUY VS HOLD AT BAADER
>>> Down
*CENTRICA CUT TO UNDERPERFORM VS SECTOR PERFORM AT RBC CAPITAL
*DIRECT LINE CUT TO HOLD VS ADD AT NUMIS
*EDP CUT TO UNDERPERFORM AT RBC CAPITAL
*ENAGAS CUT TO SECTOR PERFORM FROM OUTPERFORM AT RBC CAPITAL
*SANOFI CUT TO HOLD VS BUY AT BERENBERG
*TERNA CUT TO UNDERPERFORM FROM SECTOR PERFORM AT RBC CAPITAL
*VINCI CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*VIVENDI CUT TO NEUTRAL AT MACQUARIE
>>> PT changes
>>> Initiation
*BURFORD CAPITAL, JURIDICA INVESTMENT RATED NEW BUY AT LIBERUM
*EDENRED RATED NEW SELL AT BERENBERG; PT EU17
*LSE RATED NEW HOLD AT NUMIS; PT 2,074P
*NYRSTAR RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*POLYMETAL INTL RESUMED AT EQUALWEIGHT AT MORGAN STANLEY, PT SET AT 535P
*SPIRAX-SARCO RATED NEW UNDERPERFORM AT EXANE; PT 2,600P
>>> Call
>> Stock
* Beni Stabili, K+S, Vicat Enter SG Mid & Small Caps Premium List