>>> Brokers Upgrades & Downgrades - 18/02/2014

>>> Up
*AIXTRON RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*DELHAIZE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*INTESA RAISED TO BUY VS HOLD AT SOCGEN
*POP. MILANO RAISED TO HOLD VS SELL AT SOCGEN
*UBI RAISED TO BUY VS HOLD AT SOCGEN

>>> Down
*ANTOFAGASTA CUT TO SECTOR PERFORM AT RBC CAPITAL
*AQUARIUS PLATINUM CUT TO UNDERPERFORM AT MACQUARIE
*CENTRICA CUT TO SELL AT UBS
*INDITEX CUT TO NEUTRAL VS BUY AT CITI
*JULIUS BAER CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*ROLLS ROYCE CUT TO NEUTRAL VS BUY AT CITI
*UNICREDIT CUT TO HOLD VS BUY AT SOCGEN
*VONTOBEL CUT TO NEUTRAL VS BUY AT CITI

>>> PT Change
* Telecom Italia Ord. PT Raised to EU0.87 vs EU0.65 at JPMorgan

>>> Initiation
*AEOREMA COMMUNICATIONS RATED NEW BUY AT CANTOR; PT 90P
*CREDIT SUISSE RATED NEW BUY AT JEFFERIES; PT CHF34.1
*DEUTSCHE BANK RATED NEW BUY AT JEFFERIES; PT EU45.1
*KERING RATED NEW BUY AT BERENBERG; PT EU190
*SCHNEIDER REINSTATED AT OVERWEIGHT AT BARCLAYS; PT EU72
*UBS RATED NEW HOLD AT JEFFERIES; PT CHF19.7

>>> Call
>> Stock
*CENTRICA ADDED TO LEAST PREFERRED UTILITIES AT UBS