>>> Brokers Upgrades & Downgrades -21st of November 2014

>>> UP

*DELTICOM RAISED TO HOLD FROM SELL AT BANKH
*E.ON RAISED TO NEUTRAL VS SELL AT UBS
*MLP RAISED TO HOLD FROM SELL AT BANKHAUS LAMPE
*PARAGON GROUP RAISED TO BUY VS NEUTRAL AT UBS
*PETROFAC RAISED TO NEUTRAL VS REDUCE AT NOMURA
*PREMIER FARNELL RAISED TO NEUTRAL VS SELL AT CITI
*RWE RAISED TO NEUTRAL VS SELL AT UBS

>>> Down
*CENTRICA CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*HUNTING CUT TO REDUCE VS NEUTRAL AT NOMURA
*TALKTALK CUT TO SELL VS HOLD AT BERENBERG
*WOOD GROUP CUT TO REDUCE VS NEUTRAL AT NOMURA
*WUXI PHARMATECH CUT TO HOLD VS BUT AT JEFFERIES

>>> PT Change


>>> Initiation
*CEMBRA MONEY RATED NEW BUY AT UBS, PT CHF63
*HOCHSCHILD MINING RATED NEW EQUALWEIGHT AT MORGAN STANLEY
*SAP RATED NEW HOLD AT JEFFERIES, PT EU57

>>> Call