>>> Up
*BANCO SABADELL RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*CAPITAL & REGIONAL RAISED TO BUY FROM HOLD AT PEEL HUNT
*DEUTSCHE POST RAISED TO BUY FROM HOLD AT CANTOR FITZGERALD
*FERRAGAMO RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*FRESENIUS MED RAISED TO OUTPERFORM VS NEUTRAL: CREDIT SUISSE
*HAMBURGER HAFEN RAISED TO BUY VS NEUTRAL AT CITI
*OPERA SOFTWARE RAISED TO BUY VS HOLD AT NORDEA
*VODAFONE RAISED TO OUTPERFORM AT MACQUARIE
*ZUMTOBEL RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
>>> Down
*AKER SOLUTIONS CUT TO HOLD VS STRONG BUY AT NORDEA
*ENDESA CUT TO HOLD VS BUY AT BERENBERG
*G4S CUT TO HOLD VS BUY AT SEB
*IMAGINATION CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
>>> PT Changes
Dialog Considering SF4.2b Merger With AMS: Financial Times
>>> Initiation
*BAXTER INTERNATIONAL REINSTATED NEUTRAL AT GOLDMAN, PT $80
*INCHCAPE RATED NEW OVERWEIGHT AT JPMORGAN, PT 735P
>>> Call
>> Stock
*BT GROUP ADDED TO EUROPE FOCUS LIST AT CREDIT SUISSE
*HOLCIM, LAFARGE ADDED TO JPMORGAN ANALYST FOCUS LIST
*INTERSERVE ADDED TO JPMORGAN ANALYST FOCUS LIST