>>> Up
*ACS RAISED TO NEUTRAL VS UNDERPERFROM AT BOFAML
*APR ENERGY RAISED TO BUY VS NEUTRAL AT GOLDMAN
*ATRIA RAISED TO SELL VS STRONG SELL AT NORDEA
*EVONIK RATED NEW NEUTRAL AT BOFAML, PT EU30
*EVRAZ RAISED TO BUY VS SELL AT SOCGEN
*NETCARE RAISED TO BUY VS NEUTRAL AT BOFAML
*SODEXO RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*VEECO INSTRUMENTS RAISED TO BUY VS HOLD AT BERENBERG
*VIENNA INSURANCE RAISED TO NEUTRAL AT CREDIT SUISSE
>>> Downgrades
*ABB CUT TO HOLD VS BUY AT HELVEA/BAADER BANK
*CARACAL ENERGY CUT TO UNDERWEIGHT VS OVERWEIGHT AT BARCLAYS
*G4S CUT TO SELL VS HOLD AT DEUTSCHE BANK
*MEDICLINIC CUT TO NEUTRAL VS BUY AT BOFAML
*ROBERT WALTERS CUT TO NEUTRAL VS BUY AT GOLDMAN
*SKANSKA CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*VODACOM CUT TO NEUTRAL VS BUY AT UBS
>>> PT Chnages
>>> Initiation
*GAS NATURAL RATED NEW NEUTRAL AT HSBC
*GIVAUDAN RATED NEW OUTPERFORM AT CREDIT SUISSE, PT CHF1,500
*HOCHTIEF REINSTATED BUY AT BOFAML, PT EU75
*OSRAM LICHT RATED NEW BUY AT CITI, PT EU50
*STATOIL ASA RATED NEW MARKET PERFORM AT BMO CAPITAL MARKETS
*TULLOW OIL RATED NEW OUTPERFORM AT BMO CAPITAL MARKETS
>>> Call
>> Sector
*UK RETAIL CUT TO UNDERWEIGHT VS BENCHMARK AT CREDIT SUISSE