>>> Upgrade
*BUZZI UNICEM RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*FERROVIAL RAISED TO OUTPERFORM AT RBC CAPITAL
*HALKBANK RAISED TO BUY VS NEUTRAL VS UBS
*INDITEX RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*MICHAEL PAGE RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*RANDGOLD RESOURCES RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
>>> Downgrade
*ALPIQ CUT TO SELL VS NEUTRAL AT UBS
*ASOS CUT TO HOLD AT JEFFERIES
*AUSTRIAN POST CUT TO SELL VS HOLD AT BERENBERG
*BUZZI UNICEM CUT TO NEUTRAL FROM BUY AT GOLDMAN
*COUNTRYWIDE CUT TO NEUTRAL FROM BUY AT GOLDMAN
*HIKMA CUT TO HOLD AT JEFFERIES
*HOWDEN CUT TO NEUTRAL FROM BUY AT GOLDMAN
*KPN CUT TO HOLD VS BUY AT BERENBERG
*LAFARGE CUT TO OUTPERFORM VS STRONG BUY AT RAYMOND JAMES
*PERSIMMON CUT TO NEUTRAL FROM BUY AT GOLDMAN
*RHEINMETALL CUT TO HOLD VS BUY AT BERENBERG
*ZOOPLA CUT TO NEUTRAL FROM BUY AT GOLDMAN
>>> PT Change
>>> Initiation
*BALFOUR BEATTY REINSTATED AS NEUTRAL AT GOLDMAN
*EPWIN GROUP RATED NEW BUY AT CANTOR FITZGERALD, PT 150P
>>> Call
>> Stock
*WIENERBERGER TOP PICK AT GOLDMAN FOR EU RESIDENTIAL RECOVERY