>>> Up
*BARRY CALLEBAUT RAISED TO NEUTRAL AT SAFRA SARASIN
*BANCO SABADELL RAISED TO BUY VS REDUCE AT NOMURA
*BBVA RAISED TO BUY VS REDUCE AT NOMURA
*BETFAIR RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*CAIXABANK CUT TO NEUTRAL VS BUY AT NOMURA
*CRODA RAISED TO ADD FROM HOLD AT NUMIS
*KINNEVIK RAISED TO BUY VS NEUTRAL AT CITI
*MAN GROUP RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*MARINE HARVEST RAISED TO STRONG BUY AT NORDEA
*MERLIN ENTERTAINMENTS RAISED TO BUY VS NEUTRAL AT NOMURA
*PEUGEOT REMOVED FROM CONVICTION LIST AT GOLDMAN, STAYS BUY
*PIRELLI UPGRADED TO BUY FROM NEUTRAL AT GOLDMAN SACHS
>>> Down
*ALLIANZ CUT TO MARKET PERFORM AT KEEFE BRUYETTE: PT EU150
*ARCELORMITTAL CUT TO NEUTRAL VS BUY AT CITI
*FAURECIA DOWNGRADED TO NEUTRAL FROM BUY AT GOLDMAN SACHS
*ROTORK CUT TO NEUTRAL FROM BUY AT GOLDMAN
*SULZER CUT TO NEUTRAL FROM BUY AT GOLDMAN
*TELE2 CUT TO NEUTRAL VS BUY AT UBS
*VOLVO DOWNGRADED TO SELL FROM NEUTRAL AT GOLDMAN SACHS
>>> PT Changes
>>> Initiation
*ABB RATED NEW UNDERPERFORM AT JEFFERIES
*AB FOODS RATED NEW OUTPERFORM AT RBC, PT 3,300P
*ASOS RATED NEW SECTOR PERFORM AT RBC, PT 2,900P
*ASSA ABLOY RATED NEW UNDERPERFORM AT JEFFERIES, PT SEK325
*ATLAS COPCO RATED NEW BUY AT JEFFERIES
*DEBENHAMS RATED NEW SECTOR PERFORM AT RBC CAPITAL; PT 70P
*DIXONS CARPHONE PLC RATED NEW OUTPERFORM AT RBC; PT 460P
*DUNELM GROUP RATED NEW SECTOR PERFORM AT RBC CAPITAL; PT 900P
*FIAT CHRYSLER RATED NEW BUY AT GOLDMAN, JOINS CONVICTION LIST
*GEA GROUP RATED NEW BUY AT JEFFERIES, PT EU42
*HOME RETAIL RATED NEW UNDERPERFORM AT RBC, PT 175P
*HUGO BOSS RATED NEW OUTPERFORM AT RBC CAPITAL; PT EU120
*KERRY GROUP RATED NEW BUY AT UBS, PT EU60
*LEGRAND RATED NEW HOLD AT JEFFERIES, PT EU44
*MARKS & SPENCER RATED NEW SECTOR PERFORM AT RBC, PT 500P
*NEXT RATED NEW UNDERPERFORM AT RBC, PT 6,000P
*OSRAM LICHT RATED NEW BUY AT JEFFERIES, PT EU35
*PHILIPS RATED NEW HOLD AT JEFFERIES, PT EU22
*ROCKET INTERNET RATED NEW BUY AT BERENBERG
*ROCKET INTERNET RATED NEW NEUTRAL AT CITI, PT EU50
*SANDVIK RATED NEW UNDERPERFORM AT JEFFERIES
*SCHNEIDER ELECTRIC RATED NEW UNDERPERFORM AT JEFFERIES
*SIEMENS RATED NEW BUY AT JEFFERIES, PT EU100
*SKF RATED NEW HOLD AT JEFFERIES
*SPORTS DIRECT RATED NEW SECTOR PERFORM AT RBC, PT 700P
*STOCK SPIRITS RATED NEW BUY AT NUMIS, PT 315P
*SUPERGROUP RATED NEW UNDERPERFORM AT RBC CAPITAL
*VOLVO RATED NEW UNDERPERFORM AT JEFFERIES, PT SEK70
*WH SMITH RATED NEW OUTPERFORM AT RBC, PT 1,350P
>>> Call
>> Stock
*FIAT CHRYSLER RATED NEW BUY AT GOLDMAN, JOINS CONVICTION LIST
*PEUGEOT REMOVED FROM CONVICTION LIST AT GOLDMAN, STAYS BUY
>> Sector
*EUROPEAN AUTOMOBILES CUT TO NEUTRAL FROM ATTRACTIVE AT GOLDMAN
*EUROPEAN PHARMA SECTOR CUT TO UNDERWEIGHT AT UBS
*EUROPEAN COMMERCIAL SERVICES SECTOR UPGRADED TO O/W AT UBS