>>> Up
*AQUARIUS PLATINUM RAISED TO OUTPERFORM AT RBC
*EBRO FOODS RAISED TO BUY VS NEUTRAL AT UBS
*ERAMET RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*ICAP RAISED TO NEUTRAL VS SELL AT UBS
*JOHNSON MATTHEY RAISED TO BUY VS HOLD AT BERENBERG
*SEB RAISED TO NEUTRAL VS SELL AT UBS
*STANDARD BANK RAISED TO OVERWEIGHT AT MORGAN STANLEY
*UPM-KYMMENE RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*VESUVIUS RAISED TO BUY VS SELL AT UBS
>>> Down
*BHP BILLITON CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*FIRSTRAND CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*MUNICH RE CUT TO UNDERPERFORM FROM SECTOR PERFPRM AT RBC
*NORDEA CUT TO NEUTRAL VS BUY AT UBS
*NEDBANK CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
>>> PT Changes
>>> Initiation
*C&C RATED NEW BUY AT INVESTEC; PT EU5.45
*COM HEM RATED NEW SELL AT BERENBERG; PT SEK43
*ELIOR RATED NEW BUY AT NATIXIS, PT EU16.5
*MAN GROUP REINSTATED EQUALWEIGHT AT BARCLAYS, PT 120P
*NN GROUP RATED NEW BUY AT GOLDMAN, PT EU26
*NORSK HYDRO RATED NEW UNDERPERFORM AT CREDIT SUISSE; PT NOK34
>>> Call
>> Stock
*BASHNEFT EXITS UBS RUSSIA OIL & GAS MOST PREFERRED LIST
*DNB ADDED TO UBS EU BANKS MOST PREFERRED, SWEDBANK REMOVED
*HANDELSBANKEN ADDED TO TO UBS LEAST PREFERRED, RBS REMOVED
*HSBC ADDED TO UBS MOST PREFERRED, STANDARD CHARTERED EXITS
*ING ENTERS MOST PREFERRED BANKS/DIVERSIFIED FINS AT MS, ING REPLACES LSE AMONG MORGAN STANLEY PREFERRED NAMES