>>> Brokers Upgrades & Downgrades - 7th of April 2015

>>> Up
*RYANAIR RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*TOTAL RAISED TO OUTPERFORM AT RBC CAPITAL


>>> Down
*ADIDAS CUT TO UNDERPERFORM AT RAYMOND JAMES
*AIR FRANCE-KLM CUT TO UNDERWEIGHT VS OVERWEIGHT AT JPMORGAN
*ALPHA BANK CUT TO NEUTRAL VS BUY AT BOFAML
*EUROBANK CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*IAG CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*ITALCEMENTI CUT TO SELL VS NEUTRAL AT UBS
*LUFTHANSA CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN

>>> PT Change


>>> Initiation
*JERONIMO MARTINS RATED NEW REDUCE AT NOMURA
*WIZZ AIR RATED NEW BUY AT CITI, PT 1,630P

>>> Call