>>> Brokers Upgrades & Downgrades - - 3rd of October 2014 (7am cut off)

>>> Up
*CARREFOUR RAISED TO MARKET PERFORM AT SANFORD BERNSTEIN
*COLRUYT RAISED TO NEUTRAL VS SELL AT GOLDMAN
*DEBENHAMS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*JD WETHERSPOON RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*PANALPINA RAISED TO HOLD AT BAADER HELVEA

>>> Down
*DANONE REITERATE SELL AT GOLDMAN (Note attached
*GJENSIDIGE FORSIKRING CUT TO UNDERPERFORM AT CREDIT SUISSE
*SAMPO CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*STOREBRAND CUT TO UNDERWEIGHT AT MORGAN STANLEY
*SWISS LIFE CUT TO NEUTRAL VS BUY AT NOMURA
*TOPDANMARK CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE

>>> PT Changes

>>> Initiation
*BOGDANKA RATED NEW BUY AT SOCGEN
*ELEKTA RATED NEW HOLD AT JEFFERIES, PT SEK68
*EURONEXT RATED NEW BUY AT SOCGEN, PT EU24.5
*ION BEAM APPLICATIONS RATED NEW BUY AT JEFFERIES, PT EU16

>>> Call
>> Stock
*LAIRD EXITS JPMORGAN RADAR AS INVESTMENT OPPORTUNITY