>>> Up
*COBHAM RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*FIRSTGROUP RAISED TO BUY VS HOLD AT LIBERUM
*KOENIG & BAUER RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*PERNOD RICARD RAISED TO HOLD VS SELL AT DEUTSCHE BANK
*WILLIAM HILL RAISED TO OVERWEIGHT VS UNDERWEIGHT AT HSBC
>>> Down
*GO-AHEAD CUT TO HOLD VS BUY AT LIBERUM
*HEINEKEN CUT TO HOLD VS BUY AT DEUTSCHE BANK
*MAN GROUP CUT TO SELL VS NEUTRAL AT CITI
*TELEFONICA CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
>>> PT Change
>>> Initiation
*CAMPARI RATED HOLD:DEUTSCHE BANK
*MANX TELECOM RATED NEW OVERWEIGHT AT BARCLAYS, PT 200P
*REMY COINTREAU RATED HOLD:DEUTSCHE BANK
*SWEDISH MATCH RATED HOLD:DEUTSCHE BANK
*VODAFONE RESUMED OVERWEIGHT AT MORGAN STANLEY, PT 260P
>>> Call
>> Stock
*TATNEFT ADDED TO CEEMEA FOCUS LIST AT GOLDMAN, IS RATED SELL