>>> Brokers Upgrades & Downgrades

>>> Up
*ATRESMEDIA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*JULIUS BAER GROUP RAISED TO HOLD VS SELL AT BERENBERG
*SARAS RAISED TO NEUTRAL VS SELL AT UBS

>>> Down
*ABERTIS CUT TO NEUTRAL AT MACQUARIE
*MEDIASET ESPANA COMUNICACION CUT TO SELL VS HOLD AT BERENBERG
*MORGAN ADVANCED MATERIALS CUT TO HOLD VS BUY AT JEFFERIES
*ROTORK CUT TO HOLD VS BUY AT JEFFERIES
*STADA ARZNEIMITTEL CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN

>>> PT Change


>>> Initiation


>>> Call
>> Sector
* Bernstein Cuts Steel, Iron Ore, Coking Coal Price Estimates {NSN N93E9F6TTDSF <go>}