>>> Up
*ARM RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
*EVRAZ RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*HOLCIM RAISED TO OVERWEIGHT AT JPMORGAN
*INTESA RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*ISBANK RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*SIEMENS RAISED TO BUY VS NEUTRAL AT BOFAML
*TUI AG RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
>>> Down
*GARANTI CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*HIKMA PHARMA CUT TO NEUTRAL VS BUY AT UBS
*INFINEON CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*PRELIOS CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*RESOLUTION CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*SES CUT TO NEUTRAL VS BUY AT GOLDMAN
*STATOIL CUT TO HOLD VS BUY AT SOCGEN
*SYNTHOMER CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
>>> PT changes
*Total PT Raised to EU52 vs EU49 at Raymond James
*Yoox PT Cut to EU38.5 vs EU41.5 at Goldman
>>> Initiation
*FCC REINITIATED AT REDUCE AT KEPLER CHEUVREUX; PT EU17.1
*NORTHGATE RATED NEW BUY AT BERENBERG; PT 650P
*OXFORD INSTRUMENTS RATED NEW BUY AT BERENBERG; PT 1,720P
>>> Call
>> Stock
*YANDEX ADDED TO CITI FOCUS LIST CEEMEA, REPLACES MAIL.RU
>> Sector
*GLOBAL HEALTHCARE CUT TO NEUTRAL BY CITI’S BUCKLAND
*GLOBAL INDUSTRIES, MATERIALS RAISED TO OVERWEIGHT AT CITI