>>> Brokers Upgrades & Downgrades - 24th of March 2015

>>> Up
*ALMIRALL RAISED TO BUY VS UNDERPERFORM AT BOFAML
*COMMERZBANK RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*DANSKE BANK RAISED TO BUY AT CITI
*INTERNATIONAL PERSONAL FINANCE RAISED TO BUY VS HOLD: BERENBERG


>>> Down
*BANCO POPOLARE CUT TO NEUTRAL VS BUY AT UBS
*NOS CUT TO NEUTRAL VS BUY AT UBS
*SOPRA STERIA CUT TO HOLD VS BUY AT BERENBERG
*TELEFONICA CUT TO NEUTRAL VS BUY AT ODDO
*WETHERSPOON CUT TO HOLD VS BUY AT JEFFERIES

>>> PT Change


>>> Initiation
*BENI STABILI RATED NEW BUY AT BOFAML, PT EU0.81
*FONCIERE DES REGIONS REINSTATED NEUTRAL AT BOFAML, PT EU91
*GECINA REINSTATED NEUTRAL AT BOFAML, PT EU126.5
*ICADE REINSTATTED BUY AT BOFAML, PT EU92
*VICTORIA OIL & GAS RATED NEW BUY AT NUMIS, PT 102P
*VIRGIN MONEY RATED NEW BUY AT UBS, PT 450P

>>> Call