>>> Up
*ACCOR RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*CATTOLICA RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*INTERTEK RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*LUNDIN PETROLEUM RAISED TO BUY VS NEUTRAL AT UBS
*OSRAM LICHT AG RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS
*SABMILLER RAISED TO HOLD VS SELL AT RENAISSANCE
*UNICREDIT RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*XING RAISED TO BUY VS HOLD AT BERENBERG
>>> Down
*BELGACOM CUT TO UNDERPERFORM AT MORGAN STANLEY
*EASYJET CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*LANCASHIRE CUT TO SELL FROM HOLD AT PEEL HUNT
*METRO CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*PRADA CUT TO UNDERPERFORM AT MAINFIRST
*SECURITAS CUT TO SELL VS NEUTRAL AT UBS
*VODAFONE CUT TO MARKET PERFORM AT RAYMOND JAMES
>>> PT Changes
*INTERPUMP PT RAISED TO EU11.8 VS EU11 AT CITI; KEPT AT BUY
*TELIT RATED NEW OVERWEIGHT AT MORGAN STANLEY, PT 320P
>>> Initiation
*CARPHONE WAREHOUSE REINSTATED OVERWEIGHT AT BARCLAYS, PT 420P
*DIXONS CARPHONE RATED NEW BUY AT INVESTEC; PT 395P
*DNO ASA RATED NEW NEUTRAL AT UBS; PT NOK20.5
*DO DEUTSCHE OFFICE RATED NEW BUY AT BERENBERG; PT EU3.85
*FINCANTIERI RATED NEW NEUTRAL AT GOLDMAN, PT EU0.83
*IMCD GROUP RATED NEW BUY AT GOLDMAN, PT EU28.5
*VICTREX RATED NEW BUY AT BERENBERG; PT 1,950P
>>> Call
>> Stock
*AB INBEV REMOVED FROM UBS EUROPEAN KEY CALL LIST
*AFRICAN BARRICK GOLD REMOVED FROM UBS MOST PREFERREDS
*ARKEMA REMOVED, ABENGOA ADDED TO CITI KEY BUYS
*MOSCOW EXCHANGE ADDED TO GOLDMAN CEEMEA FOCUS LIST
*POLYMETAL REMOVED FROM UBS LEAST PREFERREDS