>>> Up
*AVIVA RAISED TO OUTPERFORM AT SANFORD BERNSTEIN
*DEBENHAMS RAISED TO BUY VS HOLD AT JEFFERIES
*SAIPEM RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*STROEER MEDIA SE RAISED TO BUY VS NEUTRAL AT CITI
*THALES RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*WPP RAISED TO BUY VS NEUTRAL AT CITI
>>> Down
*AURUBIS AG CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*MICHELIN CUT TO NEUTRAL VS BUY AT GOLDMAN
*INMARSAT CUT TO SELL VS BUY AT GOLDMAN
*NEXT CUT TO HOLD AT JEFFERIES
*PETROLEUM GEO-SERVICES CUT TO SELL VS NEUTRAL AT GOLDMAN
*SAINSBURY CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*SBERBANK CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*SEADRILL CUT TO CONVICTION SELL VS NEUTRAL AT GOLDMAN
*WOOD GROUP CUT TO NEUTRAL VS BUY AT GOLDMAN
>>> PT Changes
*MARKS & SPENCER PT RAISED TO 550P VS 525; KEPT BUY AT JEFFERIES
>>> Initiation
*FIAT CHRYSLER AUTOMOBILES RESUMED HOLD AT SOCGEN, PT EU9.5
*FINMECCANICA RATED NEW EQUALWEIGHT AT BARCLAYS, PT EU8
*ING ASSUMED OUTPERFORM AT CREDIT SUISSE, PT EU13.5
*MYTILINEOS HOLDINGS RATED NEW BUY AT CITI
*SKY DEUTSCHLAND REINSTATED EQUALWEIGHT AT BARCLAYS, PT EU6.7
>>> Call
>> Country
*JPMORGAN RAISES RUSSIAN STOCKS TO NEUTRAL VS UW IN CEEMEA