>> Up
*ABB RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*BPOST RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*EIFFAGE RAISED TO OUTPERFORM VS MARKET PERFORM AT RAYMOND JAMES
*MEGAFON RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*PETROFAC RAISED TO BUY VS NEUTRAL AT NOMURA
*SKF RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*STATOIL RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*TOTAL RAISED TO BUY VS NEUTRAL AT CITI
>> Down
*AHOLD CUT TO HOLD VS BUY AT ING
*CSR CUT TO HOLD VS BUY AT LIBERUM
*DEUTSCHE WOHNEN CUT TO NEUTRAL VS BUY AT UBS
*INTERTEK CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*KCELL CUT TO NEUTRAL VS BUY AT UBS
*OMV CUT TO SELL VS HOLD AT DEUTSCHE BANK
*OPERA SOFTWARE CUT TO HOLD VS BUY AT SEB
*POLARCUS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*REDROW CUT TO NEUTRAL VS BUY AT UBS
*ROTORK CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SIEMENS CUT TO EQUALWEIGHT AT MORGAN STANLEY
*SYNTHOMER CUT TO NEUTRAL VS BUY AT UBS
*WIRECARD CUT TO HOLD FROM BUY AT BAADER BANK; PT UP 19% TO EU31
*ZUMTOBEL CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
>> PT Changes
*Generali PT Raised to EU18.3 at Goldman; Kept at Neutral
*RICHEMONT PT CUT TO CHF82 VS CHF88 AT CANTOR; KEPT AT HOLD
*TYMAN RATED NEW BUY AT BERENBERG; PT 327P
>> Initiation
*DS SMITH RATED NEW BUY AT BERENBERG; PT 400P
*INTER RAO RATED NEW BUY AT UBS
*MONCLER RATED NEW HOLD AT KEPLER CHEUVREUX; PT EU14
*MORRISON RATED NEW SELL AT SOCGEN; PT 200P
*OCADO RATED NEW SELL AT DEUTSCHE BANK, PT 440P
*SAINSBURY RATED NEW HOLD AT SOCGEN; PT 370P
*VALMET RATED NEW BUY AT UBS; PT EU8
>>Call
>Stock
*GDF SUEZ ADDED TO EUROPEAN FOCUS LIST AT CREDIT SUISSE
*POSTNL ADDED TO SMALL & MID CAP FOCUS LIST AT CREDIT SUISSE
>Sector
*UBS AG UBS reiterates Global Bank Sector at Overweight
Preferred names are: C CS ACA FP DBK GY INGA NA KEY MS LLOY LN SBER.RU
* Short Deutsche Bank, Santander; Go Long Nordea, Berenberg Says