>>> Up
*ALENT RAISED TO BUY VS NEUTRAL AT UBS
*CENTAMIN RAISED TO BUY VS NEUTRAL AT NOMURA
*ERICSSON RAISED TO OUTPERFORM AT RBC CAPITAL
*FIELMANN RAISED TO BUY VS HOLD AT BERENBERG
*FRAPORT AG RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*INTERTEK GROUP RAISED TO SECTOR PERFORM AT RBC CAPITAL
*INTESA SANPAOLO RAISED TO OUTPERFORM VS NEUTRAL:CREDIT SUISSE
*NOVATEK RAISED TO BUY VS NEUTRAL AT BOFAML
*RANDGOLD RESOURCES RAISED TO BUY VS NEUTRAL AT NOMURA
*ROYAL BAFOKENG PLATINUM RAISED TO BUY VS NEUTRAL AT CITI
*SALZGITTER RAISED TO NEUTRAL VS SELL AT CITI
*SECHE ENVIRONNEMENT RAISED TO HOLD VS SELL AT SOCGEN
*SOLVAY RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*TELEFONICA RAISED TO NEUTRAL VS SELL AT CITI
*TOPDANMARK RAISED TO BUY FROM SELL AT NORDEA
*UBI BANCA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
>>> Down
*ARKEMA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BARRATT CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BELLWAY CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*DEVRO CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*FRESENIUS MEDICAL CARE CUT TO HOLD VS BUY AT BERENBERG
*GEDEON RICHTER CUT TO UNDERPERFORM VS BUY AT BOFAML
*PERSIMMON CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*POLYMETAL INTERNATIONAL CUT TO REDUCE VS NEUTRAL AT NOMURA
*SERCO GROUP CUT TO HOLD VS BUY AT JEFFERIES
*TAYLOR WIMPEY CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*TULLETT PREBON CUT TO HOLD VS BUY AT SOCGEN
>>> PT Change
*Enel PT Raised to EU3.85 vs EU3.5 at Morgan Stanley
*KBC Groep PT Raised to EU55 vs EU44 at Mediobanca
>>> Initiation
*EDP RATED NEW OUTPERFORM AT MACQUARIE, PT EU3.6
*FOLLI FOLLIE RATED NEW BUY AT KEPLER CHEUVREUX, PT EU29
*OCI RATED NEW EQUALWEIGHT AT BARCLAYS; PT EU38
>>> Call
>>Stock
*ACCOR ADDED TO UBS’S MOST PREFERRED LIST
*INTERCONTINENTAL HOTELS REMOVED FROM UBS’S MOST PREFERRED LIST
*PEARSON REMOVED FROM UBS’S EUROPEAN KEY CALL LIST