>>> Brokers Upgrades & Downgrades - 02/09/2014

>>> Up
*BANCO POPULAR RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*GETINGE RAISED TO BUY AT JEFFERIES
*JOHNSTON PRESS RAISED TO HOLD VS SELL AT NUMIS
*LONMIN RAISED TO NEUTRAL AT MACQUARIE
*LVMH RAISED TO BUY VS HOLD AT RENAISSANCE CAPITAL
*PREZZO RAISED TO ADD VS HOLD AT NUMIS
*SPEEDY HIRE RAISED TO BUY VS HOLD AT LIBERUM
*STATOIL RAISED TO BUY AT DEUTSCHE BANK
*TENARIS RAISED TO NEUTRAL VS SELL AT UBS
*TREVI RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*VALLOUREC RAISED TO BUY VS NEUTRAL AT UBS
*VW RAISED TO OUTPERFORM FROM NEUTRAL AT EXANE

>>> Down
*CONTINENTAL CUT TO NEUTRAL FROM OUTPERFORM AT EXANEz
*FAURECIA CUT TO NEUTRAL FROM OUTPERFORM AT EXANE
*GRAFTON CUT TO NEUTRAL FROM BUY AT CITI
*LUXOTTICA CUT TO NEUTRAL VS BUY AT BOFAML
*MICHAEL PAGE CUT TO HOLD VS BUY AT LIBERUM
*NOBEL BIOCARE CUT TO MARKET PERFORM VS OUTPERFORM AT BERNSTEIN
*NORDEA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*PKO BANK POLSKI CUT TO HOLD VS BUY AT SOCGEN
*SMITH & NEPHEW CUT TO HOLD VS BUY AT JEFFERIES
*STRAUMANN CUT TO MARKET PERFORM VS OUTPERFORM AT BERNSTEIN
*VALEO CUT TO UNDERPERFORM FROM NEUTRAL AT EXANE

>>> PT changes
*Amplifon PT Raised to EU4.05 at BofAML; Kept at Underperform

>>> Initiation
*APPLUS RATED NEW BUY AT JEFFERIES, PT EU15
*LAVENDON RATED NEW HOLD AT LIBERUM; PT 225P
*PIXIUM VISION RATED NEW BUY AT JEFFERIES
*SORIN RESUMED HOLD AT JEFFERIES, PT EU2.18

>>> Call
>> Stock
*L’OREAL ADDED TO EUROPEAN CONVICTION LIST AT RAYMOND JAMES
* Travis Perkins, Wolseley Preferred Builders Merchants, Citi Says