>>> Up
*BIM RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*BOUYGUES RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*CARREFOUR RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*DELHAIZE RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*JULIUS BAER RAISED TO BUY VS NEUTRAL AT UBS
*KAZ MINERALS RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*ORANGE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*PGE RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*STATOIL RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
>>> Down
*BNP PARIBAS CUT TO UNDERWEIGHT AT JPMORGAN
*CASINO CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*DASSAULT SYSTEMES CUT TO SELL VS NEUTRAL AT UBS
*DANSKE BANK CUT TO NEUTRAL VS BUY AT CITI
*GEA GROUP CUT TO HOLD VS BUY AT BERENBERG
*HALMA CUT TO UNDERWEIGHT AT JPMORGAN
*HELVETIA CUT TO HOLD VS BUY AT BERENBERG
*HEXAGON CUT TO NEUTRAL AT JPMORGAN
*MAYR-MELNHOF KARTON CUT TO HOLD VS BUY AT BERENBERG
*MIGROS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*NORDEX CUT TO HOLD VS BUY AT DEUTSCHE BANK
*RALLYE CUT TO UNDERPERFORM VS OUTPERFORM AT EXANE
*ROCHE CUT TO NEUTRAL VS BUY AT CITI
*STATOIL CUT TO SELL VS HOLD AT DNB
*SUBSEA 7 CUT TO SELL VS HOLD AT BERENBERG
*TATE & LYLE CUT TO NEUTRAL VS BUY AT CITI
*TAURON CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*TECHNIP CUT TO SELL VS HOLD AT BERENBERG
*TIETO CUT TO NEUTRAL VS BUY AT UBS
>>> PT Change
>>> Initiation
*CGG RATED NEW HOLD AT BERENBERG, PT EU5.40
*ESSENTRA RATED NEW BUY AT JEFFERIES, PT 990P
*NUMERICABLE RESUMED EQUALWEIGHT AT BARCLAYS, PT EU47
*PGS RATED NEW BUY AT BERENBERG, PT NOK56
*TGS RATED NEW HOLD AT BERENBERG, PT NOK180
*UBM REINSTATED OUTPERFORM AT CREDIT SUISSE, PT 630P
*WERELDHAVE REINSTATED HOLD AT ING, WAS RESTRICTED; PT EU63.10
>>> Call
>> Stock
*NOVARTIS ADDED TO CITI EU FOCUS LIST
*NOVO NORDISK, ROCHE REMOVED FROM CITI EU FOCUS LIST
>> Sector
*GLOBAL AUTOS SECTOR CUT TO NEUTRAL VS OVERWEIGHT: JPMORGAN
>> Country
*DAX CUT TO NEUTRAL VS OVERWEIGHT: JPMORGAN
*ITALY, SPAIN STOCKS RAISED TO OVERWEIGHT AT JPMORGAN