>>> Up
*DELTA LLOYD RAISED TO BUY AT GOLDMAN
*EASYJET RAISED TO OUTPERFORM AT RBC CAPITAL
*FAROE PETROLEUM RAISED TO TOP PICK VS OUTPERFORM AT RBC
*GAZPROM RAISED TO BUY VS NEUTRAL AT GOLDMAN
*PORSCHE RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*AEGON CUT TO NEUTRAL VS BUY AT GOLDMAN
*ARCELORMITTAL CUT TO SELL VS NEUTRAL AT CITI
*BOUYGUES CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
*FINMECCANICA CUT TO NEUTRAL VS BUY AT ODDO
*ITALCEMENTI CUT TO HOLD VS BUY AT BERENBERG
*TELEFONICA DEUTSCHLAND CUT TO SELL VS HOLD AT BANKHAUS LAMPE
*ZURICH INSURANCE CUT TO NEUTRAL VS BUY AT GOLDMAN
>>> PT Change
>>> Initiation
*HUNTING RATED NEW NEUTRAL AT JPMORGAN, PT 515P
*REPSOL RATED NEW UNDERPERFORM AT JEFFERIES
>>> Call
>> Stock
*E.ON RUSSIA, RUSHYDRO EXIT GOLDMAN CEEMEA FOCUS LIST