>>> Up
*ALLREAL RAISED TO BUY VS NEUTRAL AT UBS
*ARAMEX RAISED TO BUY VS NEUTRAL AT GOLDMAN
*ARKEMA RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*ARSEUS RAISED TO BUY FROM HOLD AT ING
*BAYER RAISED TO BUY VS HOLD AT BERENBERG
*CRH RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*DASSAULT SYSTEMES RAISED TO BUY VS NEUTRAL AT BOFAML
*HOLCIM RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*ICADE RAISED TO BUY VS NEUTRAL AT UBS
*INTU PROPERTIES RAISED TO BUY VS NEUTRAL AT UBS
*ITALCEMENTI RAISED TO NEUTRAL VS UNDERWEIGHT: JPMORGAN
*LAFARGE RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*LUXOTTICA RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*NEXT RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*PSP SWISS PROPERTY RAISED TO BUY VS HOLD AT BERENBERG
*SKF RAISED TO NEUTRAL VS SELL AT CITI
*UMICORE CUT TO SELL VS NEUTRAL AT GOLDMAN
*USG PEOPLE RAISED TO BUY VS HOLD AT ING
*WERELDHAVE RAISED TO BUY VS NEUTRAL AT UBS
*YANSAB RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
>>> Down
*BUZZI CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*CRH CUT TO HOLD VS BUY AT DEUTSCHE BANK
*DEUTSCHE EUROSHOP CUT TO SELL VS NEUTRAL AT UBS
*EURASIA DRILLING CUT TO NEUTRAL VS BUY AT BOFAML
*EURASIA DRILLING CUT TO EQUALWEIGHT AT MORGAN STANLEY
*INTERSHOP CUT TO SELL VS NEUTRAL AT UBS
*JOHNSON MATTHEY CUT TO NEUTRAL VS BUY AT GOLDMAN
*PHILIPS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*SAINT-GOBAIN CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
>>> PT change
*Buzzi Unicem PT Raised to EU12.7 vs EU12.2 at Morgan Stanley
*CNH Industrial PT Cut to EU9 vs EU10 at Morgan Stanley
*ENI PT CUT TO EU19 VS EU19.6 AT BOFAML; KEPT AT BUY
*FERRAGAMO PT CUT TO EU21.5 VS EU22.5 AT SOCGEN; KEPT AT SELL
>>> Initiation
*GALAPAGOS RATED NEW BUY AT UBS, PT EU21
*POP. EMILIA RATED NEW HOLD AT SOCGEN; PT EU7.5
*SOLVAY REINSTATED NEUTRAL AT GOLDMAN, PT EU122
*KLEPIERRE, CORIO, EUROCOMMERCIAL RATED NEW HOLD AT LIBERUM
>>> Call
>> Stock
*DASSAULT SYSTEMES ADDED TO BOFAML’S EUROPE 1 LIST
*METRO REMOVED FROM SELECTED LIST AT KEPLER CHEUVREUX
*SURGUTNEFTEGAZ REMOVED FROM UBS’S LEAST PREFERRED LIST
>> Sector
*Heidelberg, Lafarge, CRH Among Preferred Building Names at JPM