>>> Brokers Upgrades & Downgrades - 21st of January 2015

>>> Up
*ARM RAISED TO BUY VS NEUTRAL AT CITI
*BAE SYSTEMS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*CASINO RAISED TO NEUTRAL VS REDUCE AT NOMURA
*CITYCON RAISED TO BUY VS NEUTRAL AT GOLDMAN
*COMMERZBANK RAISED TO HOLD VS SELL AT BANKHAUS LAMPE
*ENEL GREEN POWER RAISED TO BUY VS NEUTRAL AT GOLDMAN
*FABEGE RAISED TO BUY VS NEUTRAL AT GOLDMAN
*FONCIERE DES REGIONS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*GOLAR RAISED TO BUY FROM HOLD AT NORDEA
*IBERDROLA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*MERCIALYS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*RIETER RAISED TO BUY FROM ACCUMULATE AT MIRABAUD
*STMICROELECTRONICS RAISED TO BUY VS NEUTRAL AT CITI
*STORA ENSO RAISED TO HOLD AT JEFFERIES

>>> Down
*ASML CUT TO NEUTRAL VS BUY AT CITI
*AUTONEUM CUT TO ACCUMULATE FROM BUY AT MIRABAUD
*DERWENT LONDON CUT TO NEUTRAL VS BUY AT GOLDMAN
*DOMINO’S PIZZA CUT TO NEUTRAL VS BUY AT CITI
*DRAX CUT TO NEUTRAL VS CONVICTION BUY AT GOLDMAN
*FREENET CUT TO SELL VS NEUTRAL AT CITI
*FRESENIUS MEDICAL CARE CUT TO NEUTRAL VS BUY AT UBS
*FRONTLINE LTD. CUT TO SELL FROM HOLD AT NORDEA
*GAGFAH CUT TO SELL VS NEUTRAL AT GOLDMAN
*GREAT PORTLAND CUT TO NEUTRAL VS CONVICTION BUY AT GOLDMAN
*IG GROUP CUT TO NEUTRAL VS BUY AT UBS
*LEG CUT TO SELL VS NEUTRAL AT GOLDMAN
*MEDICLINIC CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*NORDEX CUT TO NEUTRAL VS BUY AT GOLDMAN
*SEGRO CUT TO NEUTRAL VS BUY AT GOLDMAN
*SULZER CUT TO NEUTRAL FROM ACCUMULATE AT MIRABAUD
*UNIBAIL-RODAMCO CUT TO NEUTRAL VS BUY AT GOLDMAN
*UNITED INTERNET CUT TO SELL VS NEUTRAL AT CITI
*WEIR GROUP CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS

>>> PT Changes


>>> Initiation
*AUTOLIV ASSUMED NEUTRAL AT CREDIT SUISSE
*FIRESTONE DIAMONDS RATED NEW SECTOR PERFORM AT RBC
*INDIVIOR RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT 180P
*WERELDHAVE REINSTATED SELL AT GOLDMAN

>>> Call
>> Stock
*BENI STABILI ADDED TO CONVICTION BUY LIST AT GOLDMAN