>>> Up
*ASOS RAISED TO OUTPERFORM VS NEUTRAL AT EXANE, PT 4,000P
*CENTRICA RAISED TO NEUTRAL VS SELL AT UBS
*EASYJET RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*ENI RAISED TO BUY VS HOLD AT INVESTEC
*JC DECAUX RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*KERING RAISED TO BUY VS NEUTRAL AT NATIXIS
*LEGRAND RAISED TO BUY VS NEUTRAL AT CITI
*PETROFAC RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
>>> Down
*3I GROUP CUT TO NEUTRAL VS BUY AT CITI
*ALROSA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*ATLAS COPCO CUT TO HOLD VS BUY AT DEUTSCHE BANK
*AXEL SPRINGER CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*BG GROUP CUT TO SELL VS HOLD AT INVESTEC
*CATLIN CUT TO MARKETPERFORM AT BERNSTEIN
*CGG CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*CREDITO EMILIANO CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*DIAGEO CUT TO MARKETPERFORM VS OUTPERFORM AT BERNSTEIN
*HANNOVER RE CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*INTERTEK CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*KINGFISHER CUT TO NEUTRAL VS OUTPERFORM AT EXANE, PT 390P
*KONE CUT TO SELL VS HOLD AT DNB
*L'OREAL CUT TO NEUTRAL VS BUY AT NATIXIS
*MTU AERO ENGINES CUT TO HOLD VS BUY AT BERENBERG
*PROSIEBENSAT.1 CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*REPSOL CUT TO SELL VS HOLD AT INVESTEC
*REZIDOR HOTEL CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*SAIPEM CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*SGS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SHELL CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*WOLSELEY CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
>>> PT Changes
>>> Initiation
*AIRBUS RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU53
*DSM RATED NEW SELL AT SOCGEN, PT EU43
*ZALANDO RATED NEW UNDERPERFORM AT EXANE, PT EU18
>>> Call
>> Stock*ABB ADDED TO CONVICTION SELL LIST AT GOLDMAN
*BRITVIC ADDED TO TO CONVICTION BUY LIST AT GOLDMAN
*SIEMENS REMOVED FROM GOLDMAN CONVICTION BUY LIST, STAYS BUY