>>> Brokers Upgrades & Downgrades - 6th of October 2014

>>> Up
*AIR FRANCE CUT TO NEUTRAL VS BUY AT CITI
*DSM RAISED TO HOLD VS SELL AT LIBERUM
*ERSTE BANK RAISED TO BUY VS NEUTRAL AT GOLDMAN
*MBANK RAISED TO NEUTRAL VS SELL AT GOLDMAN

>>> Down
*BAE SYSTEMS CUT TO HOLD VS BUY AT SOCGEN
*DELHAIZE CUT TO HOLD VS BUY AT DEUTSCHE BANK
*DUNELM CUT TO NEUTRAL VS BUY AT CITI
*NOVO NORDISK CUT TO HOLD VS BUY AT DNB

>>> PT Chanegs


>>> Initiation
*BANK OF IRELAND RATED NEW NEUTRAL AT JPMORGAN, PT EU0.30
*SSP RATED NEW ADD AT NUMIS, PT 300P

>>> Call
>>Sector
*EUROPE HEALTHCARE EQUIPMENT SECTOR RAISED TO OVERWEIGHT AT UBS
*EUROPE METALS & MINING SECTOR CUT TO NEUTRAL AT UBS
*ENERGY SECTOR RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*PHARMA SECTOR CUT TO UNDERWEIGHT AT JPMORGAN