>>> Up
*ARCAM RAISED TO BUY VS HOLD AT JEFFERIES
*ASHTEAD RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*ERDEMIR RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*ERDEMIR RAISED TO BUY VS NEUTRAL AT BOFAML
*HOCHTIEF RAISED TO HOLD VS SELL AT BANKHAUS LAMPE
*MAGNITOGORSK STEEL RAISED TO BUY VS HOLD AT SOCGEN
*MMI HOLDINGS RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*NOVATEK RAISED TO HOLD VS SELL AT SOCGEN
*SKF RAISED TO BUY VS HOLD AT PARETO SECURITIES
*SUBSEA 7 RAISED TO STRONG BUY VS BUY AT NORDEA
*UNITED ELECTRONICS RAISED TO BUY VS NEUTRAL AT BOFAML
*WACKER CHEMIE RAISED TO BUY VS NEUTRAL AT NOMURA
*WALMEX RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
>>> Down
*ADIDAS CUT TO NEUTRAL VS BUY AT CITI
*RECORDATI CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
>>> PT Change
*Beni Stabili PT Raised to EU0.61 vs EU0.5 at Goldman
*TOD’S PT CUT TO EU98 VS EU102 AT DEUTSCHE BANK; KEPT AT HOLD
*Yoox PT Raised to EU23 at Kepler Cheuvreux; Kept at Reduce
>>> Initiation
>>> Call
>> Stock
*ADIDAS REMOVED FROM CITI’S FOCUS LIST EUROPE