>>> Up
*MUNICH RE RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
*RENAULT RAISED TO BUY VS NEUTRAL AT UBS
*SCOR RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*STERIA RAISED TO BUY VS HOLD AT BERENBERG
*TALANX RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
>>> Down
*DELHAIZE CUT TO NEUTRAL VS BUY AT NOMURA
*MARKS & SPENCERCUT TO CONVICTION SELL LIST FROM SELL AT GOLDMAN
*SWISS RE CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*TINKOFF CREDIT SYSTEMS CUT TO NEUTRAL AT JPMORGAN
*VODAFONE CUT TO NEUTRAL VS BUY AT NOMURA
*YARA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*YARA INTERNATIONAL CUT AT BMO CAPITAL MARKETS
>>> PT Changes
*Pirelli PT Raised to EU12 vs EU11 at Deutsche Bank
>>> Initiation
*COMPASS REINITIATED AT HOLD AT KEPLER CHEUVREUX; PT 930P
*ROYAL MAIL RATED NEW HOLD AT DEUTSCHE BANK; PT 587P
*SODEXO REINITIATED AT BUY AT KEPLER CHEUVREUX; PT EU85
>>> Call
>> Stock
*MARKS & SPENCER ADDED TO CONVICTION SELL LIST AT GOLDMAN
*Citi Adds to European Key List : Electrolux, Kuoni, Mediolanum
•Citi Removes from European Key Lsit : Davide Campari, Enagas, Red Electrica