>>> Up
*ACCIONA RAISED TO NEUTRAL VS SELL AT GOLDMAN
*ASHMORE RAISED TO HOLD VS SELL AT LIBERUM
*ICAP RAISED TO HOLD VS SELL AT LIBERUM
*INTERMEDIATE CAPITAL RAISED TO BUY VS HOLD AT LIBERUM
*MAN GROUP RAISED TO BUY VS HOLD AT LIBERUM
*MERCK KGAA RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML
*SALZGITTER RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*SARAS RAISED TO BUY VS REDUCE AT NOMURA
*TESCO UPGRADED TO OVERWEIGHT VS NEUTRAL AT HSBC; PT 240P
*TULLETT PREBON RAISED TO HOLD VS SELL AT LIBERUM
>>> Down
*ABB LTD CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*ASSA ABLOY CUT TO NEUTRAL VS BUY AT UBS
*BPOST CUT TO HOLD VS BUY AT BERENBERG
*ELECTROCOMPONENTS CUT TO ADD VS BUY AT NUMIS
*GEOX RAISED TO BUY VS NEUTRAL AT CITI
*JUPITER FUND CUT TO HOLD VS BUY AT LIBERUM
*RMI CUT TO NEUTRAL VS BUY AT UBS
*TALANX CUT TO NEUTRAL FROM OVERWEIGHT AT JPMORGAN
>>> PT Changes
>>> Initiation
*AXEL SPRINGER RATED NEW NEUTRAL AT NOMURA, PT EU48.5
*GEMFIELDS RATED NEW BUY AT NUMIS, PT 70P
*MONTEA RATED NEW HOLD AT ING, PT EU32
>>> Call
- Stock
*SYMRISE REMOVED FROM GOLDMAN CONVICTION LIST; REMAINS BUY