>>> Up
*ALFA LAVAL RAISED TO HOLD AT DNB
*ANGLO AMERICAN RAISED TO OUTPERFORM AT CREDIT SUISSE
*ASTRAZENECA RAISED TO BUY AT JEFFERIES
*CENTRICA RAISED TO MARKETPERFORM VS UNDERPERFORM AT BERNSTEIN
>>> Down
*INFINEON CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*LUXOTTICA CUT TO NEUTRAL VS BUY AT CITI, PT EU38.50 VS EU47
*NOKIAN RENKAAT RAISED TO STRONG BUY AT NORDEA
*STMICROELECTRONICS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
>>> Pt Changes
>>> Initiation
*MUNICH RE RATED NEW HOLD AT JEFFERIES
*ST. JAMES’S PLACE RATED NEW BUY AT CITI, PT 810P
*SWISS RE RATED NEW BUY AT JEFFERIES
>>> Call
>> Sector
*EUROPEAN CONSUMER SERVICES SECTOR CUT TO UNDERWEIGHT AT HSBC
*EUROPEAN TECH HARDWARE SECTOR RAISED TO NEUTRAL AT HSBC
*EUROPEAN SEMICONDUCTORS SECTOR CUT TO NEUTRAL AT HSBC
*EUROPEAN INSURANCE SECTOR RAISED TO NEUTRAL AT HSBC
*EUROPEAN FOOD RETAILING SECTOR RAISED TO NEUTRAL AT HSBC
*EUROPEAN SOFTWARE SECTOR RAISED TO OVERWEIGHT AT HSBC
>> Stock
*BARCLAYS, GDF SUEZ ADDED TO HSBC EUROPE SUPER 10 PORTFOLIO
*RANDSTAD, AKER SOLUTIONS EXIT HSBC EUROPE SUPER 10 PORTFOLIO