>>> Brokers Upgrades & Downgrades - 19th of February 2015

>>> Up
*COMMERZBANK RAISED TO NEUTRAL FROM UNDERPERFORM AT MAINFIRST
*FIAT CHRYSLER RAISED TO OUTPERFORM FROM NEUTRAL AT EXANE
*IBERDROLA RAISED TO NEUTRAL AT HSBC
*LAND SECURITIES RAISED TO BUY VS HOLD AT SOCGEN
*LOGISTA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*MAN GROUP RAISED TO CONVICTION BUY VS BUY AT GOLDMAN
*ROSNEFT RAISED TO NEUTRAL AT HSBC
*SANOFI RAISED TO BUY VS NEUTRAL AT BOFAML
*UBM REALITAETENENTWICKLUNG AG RAISED TO BUY AT BAADER-HELVEA

>>> Down
*ATOS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*CAT OIL AG CUT TO NEUTRAL VS BUY AT UBS
*GALENICA CUT TO SELL VS NEUTRAL AT UBS
*INTELSAT CUT TO UNDERWEIGHT AT JPMORGAN
*SGS CUT TO SELL VS NEUTRAL AT GOLDMAN
*WILLIAM HILL CUT TO HOLD VS ADD AT NUMIS

>>> PT Change


>>> Initiation
*INNOVATION GROUP RATED NEW BUY AT UBS, PT 36P
*LSE REINSTATED NEUTRAL AT GOLDMAN
*MERCK KGAA RESUMED UNDERWEIGHT AT MORGAN STANLEY, PT EU81
*NUMERICABLE RATED NEW BUY AT SOCGEN, PT EU60

>>> Call
>> Stock
*TECHNIP ADDED TO MORGAN STANLEY BEST IDEAS EUROPE