>>> Up
*BERENDSEN RAISED TO BUY VS NEUTRAL AT UBS
*DE LONGHI RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*DRAX RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*FERRAGAMO RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*FINMECCANICA RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*GEOX RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*LANDI RENZO RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*MEDIASET RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*MONTE PASCHI RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*PALADIN RAISED TO HOLD VS SELL AT DEUTSCHE BANK; PT A$0.31
*SODEXO RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*TENARIS RAISED TO NEUTRAL VS SELL AT GOLDMAN SACHS
>>> Down
*MARINE HARVEST CUT TO BUY FROM STRONG BUY AT NORDEA; PT NOK100
*SEADRILL CUT TO HOLD VS BUY AT PARETO SECURITIES
*SIBANYE GOLD CUT TO SELL VS NEUTRAL AT UBS
*SNAM CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
>>> PT change
*TERNA PT RAISED TO EU4.1 AT MEDIOBANCA; KEPT AT OUTPERFORM
>>> Initiation
*ASTRAZENECA RESUMED AT UNDERWEIGHT AT JPMORGAN; PT 3,700P
*CTT RATED NEW UNDERPERFORM AT RBC; PT EU6.5
*ERICSSON RATED NEW HOLD AT JEFFERIES; PT SEK85.00
*HANSTEEN RAISED TO BUY VS HOLD AT LIBERUM
*METSO RESUMED AT UNDERWEIGHT AT MORGAN STANLEY; PT EU24
*PHOTO-ME INTL RATED NEW BUY AT LIBERUM; PT 160P
*SAGA RATED NEW NEUTRAL AT UBS; PT 177P
*SAGA RATED NEW NEUTRAL AT GOLDMAN; PT 192P
*SANDVIK RESUMED AT EQULWEIGHT AT MORGAN STANLEY; PT SEK92
*STABILUS RATED NEW BUY AT KEPLER CHEUVREUX; PT EU27
>>> call
>> Stock
*STHREE EXITS EUROPE MOST PREFERRED SUPPORT SERVICES SHRS AT UBS
*DS SMITH, KUONI REMOVED FROM CITI'S SMID CAP KEY BUY LIST
*RIGHTMOVE, TF1 ADDED TO CITI'S SMID CAP KEY BUY LIST
* HSBC Lists Most/Least Compelling Global Consumer Stocks
Overweight: AB InBev, Nike, Essilor, Danone, Mengniu Dairy, Samsonite, Li & Fung, SCA, Anta, AmorePacific, Biostime, Burberry, Daimler, Haier, Orion, Sands China, Casino, H&M, ITC, Puregold, Lotte Shopping, Chow Tai Fook, Richemont, Tiffany, Pandora, Folli Follie
• Underweight: Beiersdorf, Belle, Carlsberg, Grupo Bimbo, Morrison, Tesco