>>> Up
*BASHNEFT RAISED TO BUY VS NEUTRAL AT UBS
*ORANGE RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*POLYMETAL RAISED TO NEUTRAL VS SELL AT GOLDMAN
>>> Down
*ANGLO AMERICAN CUT TO UNDERPERFORM VS BUY AT BOFAML
*ARCELORMITTAL CUT TO NEUTRAL VS BUY AT BOFAML
*BHP CUT TO NEUTRAL VS BUY AT BOFA
*FERREXPO CUT TO UNDERPERFORM VS BUY AT BOFAML
*FORTESCUE METALS CUT TO UNDERPERFORM VS BUY AT BOFAML
*GULF KEYSTONE CUT TO HOLD AT DEUTSCHE BANK
*JD WETHERSPOON CUT TO SELL VS NEUTRAL AT GOLDMAN
*KUMBA IRON ORE CUT TO NEUTRAL VS BUY AT BOFAML
*NESTE OIL CUT TO NEUTRAL VS BUY AT UBS
*NOVATEK CUT TO NEUTRAL VS BUY AT CITI
*RIO TINTO CUT TO UNDERPERFORM VS BUY AT BOFA
*SURGUTNEFTEGAZ PREF. CUT TO NEUTRAL VS BUY AT CITI
*VALLOUREC CUT TO NEUTRAL VS BUY AT UBS
>>> PT Change
>>> Initiation
*BRAAS MONIER RATED NEW BUY AT JEFFERIES, PT EU19.2
*EMAAR MALLS GROUP RATED NEW BUY AT UBS
*INTESA SANPAOLO RATED NEW BUY AT JEFFERIES, PT EU3
*RESTAURANT GROUP RESUMED BUY, ADDED TO CONVICTION LIST: GOLDMAN
*RTL GROUP RATED NEW BUY AT BANKHAUS LAMPE, PT EU110
*UNICREDIT RATED NEW HOLD AT JEFFERIES, PT EU5.5
*WIENERBERGER RATED NEW BUY AT JEFFERIES, PT EU15.1
>>> Call
>> Stock
*GO-AHEAD REMOVED FROM GOLDMAN CONVICTION BUY LIST, STAYS BUY
*SURGUTNEFTEGAZ PREF. REMOVED FROM CITI'S FOCUS LIST CEEMEA