>>> Brokers Upgrades & Downgrades - 20th of November 2014

>>> Up
*AKENERJI RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*ENI RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*GUARANTY TRUST BANK RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*HANDELSBANKEN RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SEB RAISED TO NEUTRAL VS SELL AT GOLDMAN
*SHELL RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*STATOIL RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*SYNGENTA RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*WIRECARD RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*WOLSELEY RAISED TO BUY VS NEUTRAL AT UBS

>>> Down
*DSM CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*GN STORE NORD CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*LANXESS CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*SODEXO CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*SOLVAY CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*UNITED BANK FOR AFRICA CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*URALKALI CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY

>>> PT Change
*KBC ANCORA PT RAISED TO EU37.50 FROM EU35.80 AT ING

>>> Initiation
*ASHTEAD RATED NEW NEUTRAL AT UBS, PT 1,070P
*CAPITAL & COUNTIES RATED NEW UNDERPERFORM AT CREDIT SUISSE
*DERWENT LONDON RATED NEW NEUTRAL AT CREDIT SUISSE
*GREAT PORTLAND ESTATES RATED NEW OUTPERFORM AT CREDIT SUISSE
*HALFORDS RATED NEW SELL AT BERENBERG, PT 390P
*JYSKE BANK REINSTATED NEUTRAL AT JPMORGAN, PT DKK350
*SHAFTESBURY RATED NEW NEUTRAL AT CREDIT SUISSE

>>> Call