>>> Brokers Upgrades & Downgrades - 31st of October 2014

>>> Up
*ALCATEL-LUCENT RAISED TO BUY VS HOLD AT SOCGEN
*BASHNEFT RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*HENDERSON GROUP RAISED TO BUY VS NEUTRAL AT CITI
*LONMIN RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*NEXITY RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*TOTAL RAISED TO BUY AT SARASIN

>>> Down
*SOLVAY CUT TO SELL VS NEUTRAL AT GOLDMAN
*WORLD DUTY FREE CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN

>>> PT Changes


>>> Initiation
*FIAT CHRYSLER INITIATED OVERWEIGHT AT MORGAN STANLEY; PT EU13
*IMCD GROUP RATED NEW HOLD AT BERENBERG, PT EU23.70
*MONTUPET RATED NEW BUY AT BERENBERG, PT EU67.5

>>> Call