>>> Up
*BANCO POPULAR ESPANOL RAISED TO NEUTRAL VS SELL AT GOLDMAN
*INFINEON RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*KLOECKNER RAISED TO NEUTRAL VS CONVICTION SELL AT GOLDMAN
*SMITH & NEPHEW RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SPIRENT RAISED TO NEUTRAL AT GOLDMAN
>>> Down
*ARCELORMITTAL CUT TO HOLD AT JEFFERIES
*BANKIA CUT TO SELL VS NEUTRAL AT GOLDMAN
*CHRISTIAN DIOR CUT TO NEUTRAL AT JPMORGAN
*ELEKTA AB CUT TO NEUTRAL VS BUY AT GOLDMAN
*HEINEKEN CUT TO REDUCE VS NEUTRAL AT MIRABAUD
*LVMH MOET HENNESSY VUITTON CUT TO NEUTRAL AT JPMORGAN
*MEGGITT CUT TO MARKETPERFORM VS OUTPERFORM AT BERNSTEIN
*SERCO CUT TO SELL VS HOLD AT BERENBERG
*SODEXO CUT TO SECTOR PERFORM AT RBC CAPITAL
*STANDARD LIFE CUT TO NEUTRAL VS BUY AT BOFAML
*WEIR GROUP CUT TO SECTOR PERFORM AT RBC CAPITAL
>>> PT Change
>>> Initiation
*AENA SA RATED NEW NEUTRAL AT GOLDMAN
*ELIS SA RATED NEW BUY AT GOLDMAN, PT EU18
*GRAND CITY PROPERTIES RATED NEW BUY AT BANKHAUS LAMPE, PT EU19
*GRANDVISION RATED NEW NEUTRAL AT JPMORGAN, PT EU21
*GRANDVISION RATED NEW OVERWEIGHT AT BARCLAYS, PT EU25
*GRANDVISION RATED NEW BUY AT ING; PT AT EU28.50
*GRANDVISION RATED NEW BUY AT HSBC, PT EU25
*HEIDELBERGCEMENT REINSTATED UNDERPERFORM AT CREDIT SUISSE
*LPP S.A. RATED NEW NEUTRAL AT GOLDMAN
*TOD'S RATED NEW UNDERPERFORM AT MAINFIRST, PT EU75
>>> Call
>> Stock
*HIKMA ADDED TO UBS MIDCAP KEY CALL LIST, STAYS BUY RATED
>> Sector
*LUXURY SECTOR CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN