>>> Brokers Upgrades & Downgrades - 5th of November 2014

>>> Up
*AB FOODS RAISED TO BUY VS NEUTRAL AT CITI
*PKN ORLEN RAISED TO BUY VS HOLD AT SOCGEN
*SENIOR RAISED TO BUY AT CANACCORD GENUITY
*SHIRE ADDED TO GOLDMAN CONVICTION BUY LIST; WAS NOT RATED

>>> Down
*AFREN CUT TO NEUTRAL AT MACQUARIE
*BINCKBANK CUT TO HOLD VS BUY AT ING
*BPOST CUT TO HOLD VS BUY AT ING
*PZU CUT TO SELL VS NEUTRAL AT GOLDMAN
*RHOEN-KLINIKUM CUT TO HOLD VS BUY AT BERENBERG
*RHOEN-KLINIKUM CUT TO HOLD VS ACCUMULATE AT EQUINET
*TDC CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*TT ELECTRONICS CUT TO HOLD VS BUY AT BERENBERG

>>> PT Changes


>>> Initiation
*AB INBEV RATED NEW BUY AT BERENBERG, PT EU92.87
*BOOHOO RATED NEW BUY AT PEEL HUNT; PT 67P
*C&C GROUP RATED NEW HOLD AT BERENBERG, PT EU3.67
*CARLSBERG RATED NEW SELL AT BERENBERG, PT DKK471.84
*HEINEKEN RATED NEW HOLD AT BERENBERG, PT EU57.68
*JOHNSTON PRESS RATED NEW BUY AT PEEL HUNT; PT 6P
*SABMILLER RATED NEW BUY AT BERENBERG, PT 3,850P

>>> Call
>> Stock
*SHIRE ADDED TO GOLDMAN CONVICTION BUY LIST; WAS NOT RATED
*NOVO NORDISK EXITS GOLDMAN CONVICTION BUY LIST, STAYS BUY