>>> Up
*DNB RAISED TO BUY AT GOLDMAN
*EASYJET RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*E.ON RAISED TO HOLD VS SELL AT BERENBERG
*HEIDELBERGCEMENT RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*HENDERSON RAISED TO OVERWEIGHT AT MORGAN STANLEY
*NESTLE RAISED TO BUY VS HOLD AT BERENBERG
*HUGO BOSS RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*UNITED UTILITIES RAISED TO NEUTRAL AT CREDIT SUISSE
>>> Down
*ANTOFAGASTA CUT TO REDUCE VS NEUTRAL AT NOMURA
*BURBERRY CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*ENEL GREEN POWER CUT TO HOLD VS BUY: BERENBERG
*FORTUM CUT TO HOLD VS BUY: BERENBERG
*GEA GROUP CUT TO HOLD AT DEUTSCHE BANK
*GEA GROUP CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*INTESA SANPAOLO CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*ITV CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*KERING CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*MAPFRE CUT TO NEUTRAL VS BUY AT UBS
*NORD GOLD CUT TO SELL VS NEUTRAL AT CITI
*PHILIPS CUT TO HOLD VS BUY AT DEUTSCHE BANK
*PROSIEBENSAT.1 CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*SDL CUT TO NEUTRAL VS BUY AT CITI
*SEVERN TRENT CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*SEVERN TRENT CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC
*SWATCH CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*VERBUND CUT TO HOLD VS BUY: BERENBERG
*VIVENDI CUT TO HOLD AT JEFFERIES
>>> PT Changes
>>> Initiation
>>> Call
>> Stock
*ACERINOX, INTESA ADDED TO GOLDMAN EUROPE FOCUS LIST
*FIAT, POSTNL, TELECOM ITALIA ADDED TO GOLDMAN EUROPE FOCUS LIST
>> Sector
*EUROPEAN UTILITIES SECTOR CUT TO HOLD VS OVERWEIGHT: BERENBERG