>>> Brokers Upgrades & Downgrades - 08/08/2014

>>> Up
*KERING RAISED TO BUY VS UNDERPERFORM AT BOFAML
*EURONEXT RAISED TO NEUTRAL VS SELL AT UBS

>>> Down
*ADIDAS AG CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*ALPIQ HOLDING CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*DEUTZ AG CUT TO SELL VS BUY AT BANKHAUS LAMPE
*HENDERSON GROUP CUT TO HOLD VS BUY AT CITI
*INTU PROPERTIES CUT TO NEUTRAL VS BUY AT UBS
*KUEHNE & NAGEL CUT TO NEUTRAL VS BUY AT GOLDMAN
*LUFTHANSA CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*MEGGITT CUT TO HOLD VS BUY AT BERENBERG
*SECURITAS CUT TO SELL VS HOLD AT DEUTSCHE BANK
*SKF RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SKY DEUTSCHLAND CUT TO HOLD VS BUY AT BERENBERG
*TOD’S PT CUT TO EU80 VS EU84 AT UBS; KEPT AT SELL
*VOLKSWAGEN PREF. CUT TO SELL VS NEUTRAL AT GOLDMAN

>>> PT Changes
*BPOST PRICE EST. RAISED TO EU19.00 FROM EU18.20 AT ING
*TOD’S PT CUT TO EU78 VS EU88 AT MAINFIRST; KEPT AT UNDERPERFORM
*TOD’S PT CUT TO EU70 VS EU75 AT BOFAML; KEPT AT UNDERPERFORM
*TOD’S PT CUT TO EU89 VS EU95 AT DEUTSCHE BANK; KEPT AT HOLD

>>> Initiation
*ADP RATED NEW NEUTRAL AT UBS; PT EU102
*FLUGHAFEN WIEN RATED NEW BUY AT UBS; PT EU88
*FRAPORT RATED NEW BUY AT UBS; PT EU59
*DIXONS CARPHONE RATED NEW BUY AT CITI; PT 430P
*DIXONS CARPHONE RATED NEW BUY AT BOFAML; PT 400P

>>> Call