>>> BRokers Upgrades & Downgrades - 30/04/2014

>>> Up
*DATRON RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*DEUTSCHE TELEKOM RAISED TO BUY AT JEFFERIES
*MICRO FOCUS RAISED TO BUY VS ADD AT NUMIS
*NATIONAL BANK OF GREECE RAISED TO NEUTRAL AT MEDIOBANCA
*NORDEA RAISED TO BUY AT SEB
*ORANGE RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*PREMIER FOODS RAISED TO NEUTRAL VS SELL AT UBS
*SWISS RE RAISED TO OVERWEIGHT AT MORGAN STANLEY
*SYMRISE RAISED TO BUY VS NEUTRAL AT GOLDMAN
*WIRECARD RAISED TO BUY VS HOLD AT BANKHAUS LAMPE

>>> Down
*ARM HOLDINGS CUT TO NEUTRAL VS BUY AT CITI
*ABB CUT TO NEUTRAL VS BUY AT BOFAML
*MUNICH RE CUT TO EQUALWEIGHT AT MORGAN STANLEY
*SERCO CUT TO SELL VS NEUTRAL AT GOLDMAN
*UMICORE CUT TO HOLD FROM BUY AT ING

>>> PT Changes
*AMPLIFON PT RAISED TO EU4.7 VS EU4.1 AT CITI; KEPT AT NEUTRAL
*UMICORE PT CUT TO EU35 FROM EU37 AT ING
*Whitbread PT Raised to 4,500p vs 3,700p at Raymond James

>>> Initiation
*ARYZTA REINITIATED AT BUY AT KEPLER CHEUVREUX; PT CHF90

>>> Call
>> Stock
*KRONES, LEGRAND REMOVED FROM UBS’S MOST PREFERRED LIST