>>> Up
*BANCO POPOLARE RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*BOLIDEN RAISED TO BUY VS HOLD AT SOCGEN
*DELHAIZE RAISED TO BUY FROM HOLD AT ING
*INTESA RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*LUNDIN PETROLEUM RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*SANTANDER RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*SOCGEN RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*TESCO RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
>>> Down
*ARYZTA CUT TO HOLD VS BUY AT SOCGEN
*JUPITER RAISED TO BUY AT NUMIS
*LAMPRELL CUT TO NEUTRAL VS BUY AT CITI
*MORRISONS CUT TO UNDERPERFORM VS MARKET PERFORM AT BERNSTEIN
*OPHIR ENERGY CUT TO HOLD VS BUY AT DEUTSCHE BANK
*SAFILO CUT TO HOLD VS BUY AT BERENBERG
*SALAMANDER ENERGY CUT TO HOLD VS BUY AT DEUTSCHE BANK
*SPAR GROUP CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*SYNERGY HEALTH CUT TO NEUTRAL VS BUY AT CITI
*VIVENDI CUT FROM OUTPERFORM AT RAYMOND JAMES
>>> PT Changes
*DELHAIZE PT RAISED TO EU59.50 FROM EU52.50 AT ING
*TESCO PT SET AT GBP235 AT SANFORD BERNSTEIN
>>> Initiation
*BONMARCHE RATED NEW BUY AT CANTOR; PT 320P
*GENEL ENERGY RATED NEW BUY AT WESTHOUSE
*MONTE PASCHI REINSTATED AT NEUTRAL AT MEDIOBANCA; PT EU1.15
*PICK N PAY STORES RATED NEW OVERWEIGHT AT BARCLAYS
*POP. MILANO REINSTATED AT NEUTRAL AT MEDIOBANCA; PT EU0.67
>>> Call
>> Sector
*U.S. AUTOS CUT TO CAUTIOUS AT MORGAN STANLEY
*GLOBAL EQUITIES (3-MO. VIEW) RAISED TO OVERWEIGHT AT GOLDMAN