>>> Brokers Upgrades & Downgrades - 20/06/2014

>>> Up
*MAN GROUP RAISED TO NEUTRAL VS SELL AT CITI
*ROLLS-ROYCE RAISED TO HOLD VS SELL AT SOCGEN

>>> Down
*BNP CUT TO UNDERPERFORM AT JEFFERIES
*CASINO CUT TO NEUTRAL VS BUY AT ODDO
*INFINIS ENERGY CUT TO HOLD AT DEUTSCHE BANK; PT RAISED TO 240P
*NEXANS CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*PRADA CUT TO EQUAL-WEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*TMK CUT TO NEUTRAL VS BUY AT UBS

>>> PT Change
*LUXOTTICA PT RAISED 6% TO EU47 AT BOFAML; KEPT AT BUY
*PRADA PT CUT TO HK$61.5 VS HK$87 AT MORGAN STANLEY
*SAIPEM PT RAISED TO EU21 VS EU16.5 AT UBS; KEPT AT NEUTRAL

>>> Initiation
*KERING RESUMED OVERWEIGHT AT MORGAN STANLEY, PT EU189
*TOMRA RATED NEW BUY AT DNB, PT NOK60

>>> Call
>> Stock
*AFREN ADDED TO MOST PREFERRED OILS AT BOFAML
*DNB ADDED TO CITI FOCUS LIST EUROPE
*PREMIER OIL REMOVED FROM MOST PREFERRED OILS AT BOFAML
*SAIPEM ADDED TO LEAST PREFERRED OILS AT BOFAML
*VALLOUREC REMOVED FROM LEAST PREFERRED OILS AT BOFAML