>>> Up
*BANK PEKAO RAISED TO HOLD VS SELL AT SOCGEN
*CAIRO COMMUNICATION RAISED FROM NEUTRAL TO OUTPERFORM AT MEDIOBANCA
*CREDIT AGRICOLE RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*DRAGON OIL RAISED TO BUY VS UNDERPERFORM AT BOFAML
*FRESNILLO RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*PEUGEOT RAISED TO NEUTRAL VS SELL AT CITI
*SHELL RAISED TO BUY AT HAMBURGER SPARKASSE
>>> Down
*ATLANTIA CUT TO NEUTRAL VS BUY AT BOFAML
*FRESNILLO CUT TO SECTOR PERFORM AT RBC CAPITAL
*LUNDBECK CUT TO SELL VS NEUTRAL AT GOLDMAN
*NEDBANK CUT TO HOLD VS BUY AT DEUTSCHE BANK
*SARAS CUT TO SELL VS HOLD AT SOCGEN
*SERCO CUT TO REDUCE VS HOLD AT NUMIS
>>> PT Change
*CAMPARI PT CUT TO EU6.75 VS EU7.1 AT CITI; KEPT AT BUY
*CAMPARI PT CUT TO EU5 VS EU5.1 AT BOFAML; KEPT AT UNDERPERFORM
*CAMPARI PT CUT TO EU6 VS EU6.2 AT NOMURA; KEPT AT NEUTRAL
*Erste PT Cut to EU23 vs EU27 at Mediobanca; Kept at Neutral
>>> Initiation
*AEGON RATED NEW HOLD AT JEFFERIES; PT EU6.60
*ALLIANZ RATED NEW HOLD AT JEFFERIES; PT EU132.50
*AVIVA RATED NEW BUY AT JEFFERIES; PT 584.00P
*AXA RATED NEW BUY AT JEFFERIES; PT EU21.40
*ATOS REINSTATED OVERWEIGHT AT BARCLAYS, PT EU75
*BRAAS MONIER RATED NEW BUY AT BERENBERG; PT EU25
*FACC RATED EQUALWEIGHT AT MORGAN STANLEY; PT EU9
*FINECOBANK RATED NEW NEUTRAL AT UBS, PT EU4.10
*FINECOBANK RATED NEW BUY AT KEPLER CHEUVREUX; PT EU4.4
*FINECO RATED NEW OUTPERFORM AT MEDIOBANCA; PT EU4.9
*GENERALI RATED NEW HOLD AT JEFFERIES; PT EU16.10
*PKP CARGO RATED NEW BUY AT ING
*PRUDENTIAL PLC RATED NEW BUY AT JEFFERIES; PT 1,577.00P
*RUSAL RATED NEW BUY AT DBS VICKERS
*WORLDLINE RATED NEW NEUTRAL AT GOLDMAN, PT EU19.7
*WORLDLINE RATED NEW BUY AT DEUTSCHE BANK; PT EU20
*WORLDLINE RATED NEW OVERWEIGHT AT BARCLAYS, PT EU21
*ZURICH INSURANCE GROUP RATED NEW HOLD AT JEFFERIES; PT CHF254
>>> Call
>> Sector
*EUROPE FOOD RETAIL SECTOR CUT TO NEUTRAL VS POSITIVE: BARCLAYS