>>> Up
*GEOX RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX
*KRONES RAISED TO BUY FROM NEUTRAL AT UBS
*MERSEN RAISED TO BUY VS HOLD AT SOCGEN
*PANALPINA RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*WIENERBERGER RAISED TO HOLD VS SELL AT BERENBERG
>>> Down
*ALCATEL-LUCENT CUT TO SELL VS HOLD AT BERENBERG
*COLOPLAST CUT FROM CONVICTION BUY AT GOLDMAN, STILL BUY
*DIASORIN CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*DRAX CUT TO SELL VS HOLD AT SOCGEN
*EIFFAGE CUT TO UNDERPERFORM VS OUTPERFORM AT RAYMOND JAMES
*ERSTE CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*PGNIG CUT TO SELL VS BUY AT ING
*SGL CARBON CUT TO SELL VS HOLD AT BANKHAUS LAMPE
>>> PT Change
*AZIMUT PT RAISED TO EU28.5 VS EU26 AT CITI; KEPT AT BUY
*YOOX PT RAISED TO EU37 VS EU30 AT CITI; KEPT AT BUY
>>> Initiation
*WM CAPITAL RATED NEW BUY AT INTEGRAE SIM; PT EU1.22
>>> Call
>> Stock
*NOKIA ADDED TO CREDIT SUISSE’S EUROPE/U.S. FOCUS LIST
*PHILIPS ADDED TO CITI FOCUS LIST EUROPE
*SOCGEN ADDED TO CITI’S EUROPE FOCUS LIST, REPLACES BARCLAYS