>>> Up
*AKCANSA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*ANADOLU EFES RAISED TO NEUTRAL VS SELL AT GOLDMAN
*ARCELORMITTAL RAISED TO OUTPERFORM AT RBC CAPITAL
*BANCO POPULAR RAISED TO OUTPERFORM AT CREDIT SUISSE
*BANCO SABADELL RAISED TO NEUTRAL AT CREDIT SUISSE
*BRENNTAG RAISED TO BUY VS HOLD AT BERENBERG
*BRISA RAISED TO NEUTRAL VS SELL AT GOLDMAN
*BEIERSDORF RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*BG GROUP RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*CAIXABANK RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*CIB RAISED TO BUY VS NEUTRAL AT GOLDMAN
*COCA COLA ICECEK RAISED TO BUY VS NEUTRAL AT GOLDMAN
*EMLAK RAISED TO BUY VS NEUTRAL AT GOLDMAN
*FORD OTOSAN RAISED TO NEUTRAL VS SELL AT GOLDMAN
*INTESA SANPAOLO RAISED TO OUTPERFORM AT RBC CAPITAL
*KORDSA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SODA SANAYII RAISED TO BUY VS NEUTRAL AT GOLDMAN
*TUPRAS RAISED TO NEUTRAL VS SELL AT UBS
*TURK TRAKTOR RAISED TO BUY VS NEUTRAL AT GOLDMAN
*VERBUND RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
>>> Down
*AKENERJI CUT TO NEUTRAL VS BUY AT GOLDMAN
*ANADOLU CAM CUT TO NEUTRAL VS BUY AT GOLDMAN
*BG DOWNGRADED FROM OVERWEIGHT TO NEUTRAL AT JP MORGAN
*CBQ CUT TO NEUTRAL VS BUY AT GOLDMAN
*EURONAV CUT TO HOLD FROM BUY AT ING
*GUBRETAS CUT TO NEUTRAL VS BUY AT GOLDMAN
*JOHNSON ELECTRIC CUT TO SELL VS NEUTRAL AT UBS
*NETIA CUT TO HOLD VS BUY AT ING
*OUTOKUMPU CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*VESTEL BEYAZ CUT TO SELL VS NEUTRAL AT GOLDMAN
*ZIGGO CUT TO NEUTRAL AT HSBC
>>> PT Change
*BG Group PT Cut to 1,350p from 1,460p at Raymond James
*MONTE PASCHI PT CUT TO EU0.15 VS EU0.19 AT CITI; KEPT AT SELL
>>> Initiation
*EFG-HERMES REINSTATED BUY AT GOLDMAN; ONTO CEEMEA FOCUS LIST
*G4S RATED NEW UNDERWEIGHT AT MORGAN STANLEY; PT 235P
*NUMERICABLE RATED NEW BUY AT NOMURA; PT EU31
*SECURITAS RATED NEW EQUALWEIGHT AT MORGAN STANLEY; PT SEK70
*URALKALI RATED NEW BUY AT SOCGEN; PT $31
>>> Call
>> Stock
***UBS
*METRO AG REMOVED FROM UBS’S EUROPEAN KEY CALLS
*Delhaize, Sainsbury Removed From UBS’s M&A Watch List
*TUPRAS REMOVED FROM UBS’S LEAST PREFERRED LIST
***ML
*HOLCIM, TAYLOR WIMPEY ADDED TO BOFAML BUILDINGS MOST PREFERRED
*PERSIMMON, LAFARGE EXIT BOFAML BUILDINGS MOST PREFERRED LIST
***MS
*GN STORE NORD ADDED TO MORGAN STANLEY’S BEST IDEAS LIST
*UNITED UTILITIES ADDED TO MORGAN STANLEY’S BEST IDEAS LIST