>>> Up
*ALLIANZ RAISED TO HOLD VS SELL AT SOCGEN
*BASHNEFT RAISED TO BUY VS NEUTRAL AT GOLDMAN
*EDP RAISED TO BUY VS ADD AT INVESTEC
*HEINEKEN RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*IBERDROLA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*RBS RAISED TO HOLD VS SELL AT INVESTEC
*SYNTHOMER RAISED TO BUY VS NEUTRAL AT UBS
*TELECOM ITALIA RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*TUI RAISED TO OVERWEIGHT AT JPMORGAN
*WACKER NEUSON RAISED TO HOLD VS SELL AT BERENBERG
>>> Down
*AIR FRANCE-KLM CUT TO HOLD VS BUY AT CANTOR
*BANK ASYA CUT TO NEUTRAL VS BUY AT CITI
*BIM BIRLESIK MAGAZALAR CUT TO UNDERWEIGHT AT MORGAN STANLEY
*CRODA INTL CUT TO SELL VS NEUTRAL AT UBS
*GARANTI CUT TO SELL VS BUY AT CITI
*HALKBANK CUT TO NEUTRAL VS BUY AT CITI
*ISBANK CUT TO NEUTRAL VS BUY AT CITI
*REMGRO CUT TO SELL VS HOLD AT RENAISSANCE
*SWISSCOM CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*VIENNA INSURANCE CUT TO NEUTRAL VS BUY AT GOLDMAN
*WILH WILHELMSEN CUT TO HOLD VS BUY AT CARNEGIE
*YAPI KREDI CUT TO SELL VS BUY AT CITI
*YARA CUT TO SELL VS NEUTRAL AT UBS
>>> PT Change
*AIR FRANCE-KLM PT CUT TO EU9.5 VS EU12 AT CANTOR
* Campari PT Cut to EU5.7 vs EU6.1 at Mediobanca; Kept at Neutral
>>> Initiation
*ALSTOM REINITIATED AT BUY AT BERENBERG; PT EU31
*STABILUS RATED NEW HOLD AT SOCGEN; PT EU28
*TXCELL RATED NEW HOLD AT SOCGEN; PT EU8.3
>>> Call
>> Stock
*FERREXPO ADDED TO MOST PREFERRED METALS & MINING SHRS AT UBS
*ING ADDED TO CREDIT SUISSE EUROPE FOCUS LIST
*KAZAKHMYS ADDED TO LEAST PREFERRED METALS & MINING SHRS AT UBS