>>> Brokers Upgrades & Downgrades - 16th of April 2015

>>> Up
*ASML RAISED TO BUY VS NEUTRAL AT CITI
*CGG RAISED TO NEUTRAL VS SELL AT GOLDMAN
*GKN RAISED TO NEUTRAL VS SELL AT GOLDMAN
*GLENCORE RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*IMI RAISED TO HOLD VS REDUCE AT NUMIS
*TGS RAISED TO BUY VS SELL AT GOLDMAN
*VALEO RAISED TO BUY VS NEUTRAL AT GOLDMAN

>>> Down
*ALCATEL-LUCENT CUT TO MARKET PERFORM AT BMO
*ALCATEL-LUCENT CUT TO NEUTRAL VS BUY AT CITI
*ALCATEL-LUCENT CUT TO NEUTRAL AT CREDIT SUISSE
*ANGLO AMERICAN CUT TO SELL VS NEUTRAL AT GOLDMAN
*BAE SYSTEMS CUT TO NEUTRAL VS BUY AT UBS
*CASINO CUT TO HOLD VS BUY AT SOCGEN
*HUHTAMAEKI CUT TO HOLD FROM BUY AT NORDEA
*KUMBA IRON ORE CUT TO SELL VS NEUTRAL AT GOLDMAN
*MEGGITT CUT TO SELL VS NEUTRAL AT UBS
*NOKIA CUT TO NEUTRAL VS BUY AT CITI
*NOKIA CUT TO SECTOR PERFORM AT RBC CAPITAL
*NOKIA CUT TO NEUTRAL AT CREDIT SUISSE
*OPHIR ENERGY CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*OPHIR ENERGY RAISED TO NEUTRAL AT JPMORGAN
*PREMIER OIL CUT TO HOLD VS BUY AT GMP SECURITIES
*SOCO INTERNATIONAL CUT TO UNDERWEIGHT VS EQUALWEIGHT: BARCLAYS
*TATNEFT CUT TO HOLD VS BUY AT SOCGEN
*WINCOR NIXDORF CUT TO SELL VS BUY AT BANKHAUS LAMPE

>>> PT Change


>>> Initiation
*ANGLOGOLD ASHANTI RATED NEW OUTPERFORM AT MACQUARIE
*DFS FURNITURE RATED NEW BUY AT BERENBERG, PT 345P
*DFS FURNITURE RATED NEW BUY AT UBS, PT 330P
*GOLD FIELDS RATED NEW NEUTRAL AT MACQUARIE
*OPHIR ENERGY RATED NEW UNDERPERFORM AT MACQUARIE
*PAN AFRICAN RESOURCES RATED NEW NEUTRAL AT MACQUARIE
*RIGHTMOVE RATED NEW HOLD AT BERENBERG, PT 3,200P
*ZOOPLA RATED NEW BUY AT BERENBERG, PT 250P

>>> Call
>> Stock
*AB FOODS, SCA ENTER LIBERUM CONVICTION LIST AS BUYS
*ANGLO AMERICAN, TECHNIP ENTER LIBERUM CONVICTION LIST AS SELLS
*ALCATEL-LUCENT EXITS GOLDMAN CONVICTION BUY LIST, STAYS BUY
*DAIMLER ADDED TO CONVICTION BUY LIST AT GOLDMAN
*NOKIA REMOVED FROM CREDIT SUISSE EUROPE FOCUS LIST