>>> Brokers Upgrades & Downgrades - 18/06/2014

>>> Up
*AXIS RAISED TO HOLD VS SELL AT NORDEA
*BOLIDEN RAISED TO BUY VS SELL AT NORDEA
*STROEER RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*VODACOM RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE

>>> Down
*AMDOCS CUT TO MARKET PERFORM AT WELLS FARGO
*COVIDIEN CUT TO EQUALWEIGHT AT BARCLAYS
*IMI CUT TO SECTOR PERFORM AT RBC CAPITAL
*MTN CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE

>>> PT Change


>>> Initiation
*AMS RESUMED AT BUY AT KEPLER CHEUVREUX; PT CHF180
*AUSTRIAN POST RATED NEW HOLD AT JEFFERIES, PT EU35
*DEUTSCHE POST RATED NEW HOLD AT JEFFERIES, PT EU28
*POSTNL RATED NEW BUY AT JEFFERIES, PT EU5.30
*ROYAL MAIL RATED NEW UNDERPERFORM AT JEFFERIES, PT 420P

>>> Call
>> Stock
*EASYJET ADDED TO GOLDMAN’S DIRECTORS OF RESEARCH FOCUS LIST
*SAFRAN ADDED TO GOLDMAN’S DIRECTORS OF RESEARCH FOCUS LIST
*SCHNEIDER ADDED TO GOLDMAN’S DIRECTORS OF RESEARCH FOCUS LIST
*SSAB ADDED TO GOLDMAN’S DIRECTORS OF RESEARCH FOCUS LIST
*SUBSEA 7 REMOVED FROM SMID SELECTED LIST AT KEPLER CHEUVREUX
>> Sector
*EUROPEAN OILFIELD SERVICES RAISED TO OVERWEIGHT: CREDIT SUISSE
*GLOBAL ENERGY RAISED TO BENCHMARK AT CREDIT SUISSE