>>> Up
*HEINEKEN RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*MEDA RAISED TO BUY FROM NEUTRAL AT SWEDBANK
*MEDA RAISED TO BUY FROM NEUTRAL AT SWEDBANK
>>> Down
*AZIMUT CUT TO NEUTRAL VS BUY AT CITI
*BIC CUT TO MARKET PERFORM VS OUTPERFORM AT RAYMOND JAMES
*BG GROUP CUT TO SELL VS BUY AT SOCIETE GENERALE
*CAIRN ENERGY CUT TO SELL VS HOLD AT SOCGEN
*CAMPARI CUT TO SELL VS NEUTRAL AT GOLDMAN (Note attached)
*DIAGEO CUT TO SELL VS NEUTRAL AT GOLDMAN (Note attached)
*DNB ASA CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*FINNAIR CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*HENKEL CUT TO SELL VS NEUTRAL AT GOLDMAN (Note attached)
*LUNDIN PETROLEUM CUT TO SELL VS HOLD AT SOCGEN
*MAUREL & PROM CUT TO HOLD VS BUY AT SOCGEN
*MEDIOLANUM CUT TO NEUTRAL VS BUY AT CIT
*PREMIER OIL CUT TO SELL VS HOLD AT SOCGEN
*RALLYE CUT TO UNDERWEIGHT VS OVERWEIGHT AT JPMORGAN
*RALLYE CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*REPSOL CUT TO HOLD VS BUY AT SOCIETE GENERALE
*ROVI CUT TO NEUTRAL VS BUY AT UBS
*SCA CUT TO NEUTRAL VS BUY AT GOLDMAN (Note attached)
*SIEMENS CUT TO UNDERWEIGHT VS EQUAL WEIGHT AT MORGAN STANLEY (Margin Outlook)
*SKY PLC CUT TO MARKET PERFORM AT SANFORD BERNSTEIN
*SURGUTNEFTEGAS PREFS CUT TO NEUTRAL AT CREDIT SUISSE
*STATOIL CUT TO SELL VS HOLD AT SOCIETE GENERALE
*TULLOW OIL CUT TO HOLD VS BUY AT SOCGEN
>>> PT Change
>>> Initiation
*BURBERRY RATED NEW OUTPERFORM AT RBC, PT 2,000P
*HERMES RATED NEW SECTORPERFORM AT RBC, PT EU300
*KERING RATED NEW UNDERPERFORM AT RBC, PT EU170
*LVMH RATED NEW OUTPERFORM AT RBC, PT EU170
*NUMERICABLE RATED NEW OUTPERFORM AT CREDIT SUISSE, PT EU53
*PRADA RATED NEW UNDERPERFORM AT RBC, PT HK$43
*RICHEMONT RATED NEW SECTORPERFORM AT RBC, PT CHF85
*SWATCH RATED NEW OUTPERFORM AT RBC, PT CHF450
*TOD’S RATED NEW UNDERPERFORM AT RBC, PT EU82
>>> Call
>> Stock
*DANONE ADDED TO CONVICTION SELL LIST AT GOLDMAN (Note attached)