>>> Brokers Upgrades & Downgrades - 1st of December 2014

>>> Up
*ACACIA MINING RAISED TO NEUTRAL VS SELL AT CITI
*GECINA RAISED TO NEUTRAL VS SELL AT UBS
*GENEL ENERGY RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*NYRSTAR RAISED TO BUY VS NEUTRAL AT CITI
*REMY COINTREAU RAISED TO NEUTRAL VS REDUCE AT NOMURA
*VIVENDI RAISED TO BUY VS NEUTRAL AT NOMURA

>>> Down
*AFREN CUT TO UNDERWEIGHT VS OVERWEIGHT AT JPMORGAN
*ALMIRALL CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*DET NORSKE CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*ENQUEST CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*ETALON CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*FERREXPO CUT TO SELL VS NEUTRAL AT CITI
*ICAP CUT TO SELL VS NEUTRAL AT UBS
*INTERCONTINENTAL HOTELS CUT TO SELL VS NEUTRAL AT UBS
*MEDIASET ESPANA CUT TO REDUCE VS NEUTRAL AT NOMURA
*SVENSKA CELLULOSA CUT TO NEUTRAL VS BUY AT NOMURA
*TELECITY CUT TO NEUTRAL VS BUY AT UBS
*WEIR CUT TO NEUTRAL VS BUY AT BOFAML

>>> PT Changes


>>> Initiation
*VOLVO RATED NEW OUTPERFORM AT CREDIT SUISSE, PT SEK105

>>> Call
>> Stock
*MAERSK ADDED TO UBS LEAST PREFERRED LIST
*IAG REMOVED FROM UBS MOST PREFERRED LIST
*LUFTHANSA EXITS UBS LEAST PREFERRED LIST, ADDED TO MOST