>>> Up
*ANF RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*BUZZI UNICEM RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*ENAGAS RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*LONDON MINING RAISED TO EQUALWEIGHT AT BARCLAYS
*RIO TINTO RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SODEXO RAISED TO BUY VS HOLD AT SOCGEN
>>> Down
*ARKEMA CUT TO UNDERWEIGHT VS OVERWEIGHT AT JPMORGAN
*COMPASS GROUP CUT TO HOLD VS BUY AT SOCGEN
*EDENRED CUT TO HOLD VS BUY AT SOCGEN
*EVRAZ CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*EXXARO RESOURCES CUT TO EQUALWEIGHT AT MORGAN STANLEY
*MELIA HOTELS INTL CUT TO EQUALWEIGHT AT MORGAN STANLEY
*NUMERICABLE CUT TO NEUTRAL VS BUY AT CITI
*POSTNL NV CUT TO SELL VS NEUTRAL AT CITI
>>> PT Changes
*TENARIS ADR PT RAISED TO $51 VS $44.5 AT BOFAML; STAYS NEUTRAL
>>> Initiation
*AB INBEV RATED NEW REDUCE AT KEPLER CHEUVREUX; PT EU75
*CARLSBERG RATED NEW BUY AT KEPLER CHEUVREUX; PT DKK700
*COUNTRYWIDE ASSUMED AT NEUTRAL AT CREDIT SUISSE; PT 582P
*HEINEKEN RATED NEW BUY AT KEPLER CHEUVREUX; PT EU60
*HISPANIA RATED NEW BUY AT GOLDMAN; PT EU11.5
*SABMILLER RATED NEW REDUCE AT KEPLER CHEUVREUX; PT 2,900P
*TUI AG RATED NEW HOLD AT BERENBERG; PT EU13.1
>>> Call
>> Stock
*AIRBUS ADDED TO MOST PREFERRED AEROSPACE SHRS AT UBS
*FOXTONS ADDED TO SMALL & MID CAP FOCUS LIST AT CREDIT SUISSE
>> Sector
*EUROPEAN MINING RAISED TO POSITIVE VS NEGATIVE AT BARCLAYS
>> Country
*UBS Upgrades Latin America, Russia Stocks; Cuts Philippines