>>> Up
*ASML RAISED TO HOLD AT BAADER BANK
*DANSKE BANK RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*ERICSSON RAISED TO OUTPERFORM AT BMO CAPITAL MARKETS
*MOLESKINE RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*NCSP RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*TELEKOM AUSTRIA RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
>>> Down
*AEROFLOT CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*ARCADIS CUT TO HOLD VS BUY AT ING
*BELVOIR LETTINGS CUT TO HOLD VS BUY AT CANTOR
*CARREFOUR CUT TO UNDERPERFORM VS NEUTRAL AT EXANE, PT EU27.5
*CASINO CUT TO NEUTRAL VS OUTPERFORM AT EXANE, PT EU90
*HENRY BOOT CUT TO ADD VS BUY AT NUMIS
*LUNDIN PETROLEUM CUT TO BUY AT NORDEA
*MICHELIN CUT TO NEUTRAL FROM OUTPERFORM AT EXANE
*UMICORE CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
>>> PT changes
>>> Initiation
>>> Call
>> Stock
*ST JAMES’S PLACE ADDED TO CONVICTION BUY LIST AT GOLDMAN