>>> Up
*ASHMORE GROUP RAISED TO BUY VS HOLD AT BERENBERG
*AXA RAISED TO OVERWEIGHT VS UNDERWEIGHT AT JPMORGAN
*DEUTSCHE EUROSHOP RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*GIVAUDAN RAISED TO NEUTRAL VS SELL AT GOLDMAN
*K+S RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML
*K+S RAISED TO NEUTRAL VS SELL AT UBS
*LINDE RAISED TO BUY VS NEUTRAL AT BOFAML
*NORDEA BANK RAISED TO OUTPERFORM AT MACQUARIE
*NORILSK NICKEL RAISED TO BUY VS NEUTRAL AT UBS
*PEUGEOT ADDED TO CONVICTION BUY LIST AT GOLDMAN
*PEUGEOT RAISED TO BUY VS NEUTRAL AT CITI
*SGS RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*STMICROELECTRONICS RAISED TO BUY VS UNDERPERFORM AT BOFAML
*TESCO RAISED TO HOLD VS SELL AT SOCGEN
>>> Down
*ALLIANZ CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*ARKEMA CUT TO SELL VS NEUTRAL AT GOLDMAN
*BMW CUT TO SELL VS NEUTRAL AT GOLDMAN
*CONTINENTAL CUT TO NEUTRAL VS BUY AT GOLDMAN
*CREDIT SUISSE CUT TO HOLD VS BUY AT JEFFERIES
*DIXONS CARPHONE CUT TO UNDERWEIGHT AT MORGAN STANLEY
*GAM HOLDING CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*HSBC CUT TO HOLD VS ADD AT INVESTEC
*HUNTING CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*ICADE CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*JULIUS BAER CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*ROYAL MAIL CUT TO UNDERPERFORM AT RBC CAPITAL
*SCHWEITER TECHNOLOGIES CUT TO NEUTRAL VS BUY AT UBS
*SEB CUT TO NEUTRAL AT MACQUARIE
>>> PT Change
>>> Initiation
*ALROSA RESUMED BUY AT UBS, PT RUB95
*DRAX RATED NEUTRAL AT JPMORGAN; WAS NOT RATED
*IMMOFINANZ RATED NEW EQUALWEIGHT AT BARCLAYS, PT EU2.39
>>> Call
>> Stock
*DAIMLER EXITS GOLDMAN CONVICTION BUY LIST, STAYS BUY
*PEUGEOT ADDED TO CONVICTION BUY LIST AT GOLDMAN