>>> Up
*BARRATT DEVELOPMENTS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*CONTINENTAL RAISED TO BUY VS NEUTRAL AT GOLDMAN
*DNB ASA RAISED TO OVERWEIGHT AT JPMORGAN
*ELRINGKLINGER RAISED TO NEUTRAL VS SELL AT GOLDMAN
*FORBO RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*GEBERIT RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*KABA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*LEONI RAISED TO BUY VS NEUTRAL AT GOLDMAN
*MAN GROUP RAISED TO HOLD VS SELL AT BERENBERG
*MICHELIN RAISED TO BUY VS NEUTRAL AT GOLDMAN
*PIRELLI RAISED TO NEUTRAL VS SELL AT GOLDMAN
>>> Down
*AUTONEUM CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BMW CUT TO NEUTRAL VS BUY AT GOLDMAN
*BNP CUT TO NEUTRAL VS CONVICTION BUY AT GOLDMAN
*ENDESA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*EUROTUNNEL CUT TO HOLD VS BUY AT DEUTSCHE BANK
*GETINGE CUT TO HOLD VS BUY AT SOCGEN
*HERMES CUT TO SELL VS HOLD AT RENAISSANCE CAPITAL
*INFINEON CUT TO NEUTRAL VS BUY AT CITI
*KERING CUT TO HOLD VS BUY AT RENAISSANCE CAPITAL
*LVMH CUT TO HOLD VS BUY AT RENAISSANCE CAPITAL
*MODERN TIMES CUT TO NEUTRAL VS BUY AT SWEDBANK
*NOKIAN RENKAAT CUT TO NEUTRAL VS BUY AT GOLDMAN
*NOVATEK CUT TO NEUTRAL VS BUY AT BOFAML
*SIKA CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*STMICRO CUT TO SELL VS NEUTRAL AT CITI
*VESTAS CUT TO NEUTRAL VS BUY AT BOFAML
*VOLVO CUT TO SELL VS NEUTRAL AT GOLDMAN
>>> PT Changes
*ENEL PT RAISED 15% TO EU4.6 AT BARCLAYS; KEPT AT OVERWEIGHT
*Telecom Italia PT Raised to EU0.89 at Jefferies; Kept at Hold
>>> Initiation
*GAMESA REINSTATED BUY AT BOFAML, PT EU11.5
*INVESTEC RATED NEUTRAL AT GOLDMAN, PT 553P; WAS NOT RATED
*PORSCHE RATED NEUTRAL AT GOLDMAN, PT EU86; WAS NOT RATED
*VOLKSWAGEN REINSTATED NEUTRAL AT GOLDMAN, PT EU215
*WEIR GROUP RESUMED AT EQUALWEIGHT AT MORGAN STANLEY; PT 2,440P
>>> Call
>> Stock
*VODAFONE REMOVED FROM EUROPEAN RECOMMENDED PORTFOLIO AT NOMURA
>> Sector
*TECH RAISED TO OVERWEIGHT, PHARMA CUT TO NEUTRAL AT JPMORGAN