>>> Brokers Upgrades & Downgrades - 29/04/2014

>>> Up
*AFRICAN BARRICK RAISED TO EQUALWEIGHT AT BARCLAYS
*CABLE & WIRELESS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*GURIT RAISED TO NEUTRAL VS SELL AT UBS
*HALKBANK RAISED TO BUY VS HOLD AT SOCGEN
*LOGITECH RAISED TO BUY VS NEUTRAL AT MIRABAUD
*NORILSK RAISED TO OVERWEIGHT AT JPMORGAN
*OCADO RAISES TO NEUTRAL VS UNDERPERFORM AT EXANE, PT 300P
*ORIFLAME RAISED TO HOLD VS SELL AT SEB
*RIGHTMOVE RAISED TO BUY VS NEUTRAL AT UBS
*SOCIETE GENERALE RAISED TO OVERWEIGHT AT MORGAN STANLEY

>>> Down
*ABB CUT TO HOLD VS BUY AT SOCGEN
*BNP CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*CRH CUT TO HOLD VS BUY AT JEFFERIES
*LEONTEQ CUT TO SELL VS NEUTRAL AT UBS
*RYANAIR CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*SERCO CUT TO NEUTRAL VS BUY AT CITI

>>> PT Chanegs
*STMICRO PT CUT TO EU5.4 VS EU5.6 AT UBS; KEPT AT SELL

>>> Initiation
*BUWOG RATED NEW BUY AT KEPLER CHEUVREUX; PT EU16.5
*GULF MARINE RATED NEW OVERWEIGHT AT BARCLAYS; PT 220P
*LUNDBERGFORETAGEN RATED NEW SELL AT NORDEA, PT SEK280
*MELKER SCHORLING RATED NEW SELL AT NORDEA, PT SEK325

>>> Call
>> Stock
*DEUTZ, WARTSILA EXIT UBS LEAST PREFERRED ENGINEERING SHARES
*KRONES, LEGRAND EXIT UBS MOST PREFERRED EUROPE ENGINEERING SHRS
*ROYAL MAIL ADDED TO BOFAML’S EUROPE 1 LIST