>>> Brokers Upgrades & Downgrades

>>> Up
*AIR FRANCE-KLM RAISED TO NEUTRAL VS SELL AT UBS
*ASELSAN RAISED TO BUY VS NEUTRAL AT BOFAML
*AZIMUT RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*BP RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*DEUTSCHE BANK RAISED TO OVERWEIGHT AT JPMORGAN
*EIFFAGE RAISED TO BUY VS NEUTRAL AT GOLDMAN
*ENI RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*GERRY WEBER RAISED TO BUY VS HOLD AT BERENBERG
*RENTOKIL RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*SARAS RAISED TO HOLD VS SELL AT SOCGEN
*SHELL RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*THALES RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN

>>> Down
*AUTOLIV CUT TO HOLD FROM BUY AT NORDEA; PT SEK785
*BNP PARIBAS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*BP CUT TO HOLD VS BUY AT DEUTSCHE BANK
*CONNECT GROUP CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*HEIDELBERGCEMENT CUT TO NEUTRAL VS BUY AT GOLDMAN
*NOVATEK CUT TO HOLD VS BUY AT RENAISSANCE
*NOVATEK CUT TO HOLD FROM BUY AT RENCAP, PT $140/GDR
*PROVIDENT FINANCIAL CUT TO HOLD VS BUY AT BERENBERG
*STRABAG CUT TO SELL VS NEUTRAL AT GOLDMAN
*TOTAL CUT TO HOLD VS BUY AT SOCGEN
*UNILEVER CUT TO REDUCE VS NEUTRAL AT NOMURA

>>> PT Change
*Jeronimo Martins PT Cut to EU14.8 vs EU16 at Raymond James
*SNAM PT RAISED 11% TO EU4.9 AT BARCLAYS; KEPT AT OVERWEIGHT

>>> Initiation
*OCADO REINSTATED AT BUY AT BOFAML; PT 540P
*OPHIR ENERGY RATED NEW BUY AT CITI; PT 280P
*PEUGEOT RESUMED AT EQUALWEIGHT AT MORGAN STANLEY; PT EU9.5

>>> Call
>> Stock
*ERICSSON REMOVED FROM EUROPEAN ANALYST FOCUS LIST AT JPMORGAN
*MONITISE REMOVED FROM CONVICTION BUY AT GOLDMAN; STILL BUY