>>> Up
*AB INBEV RAISED TO BUY FROM HOLD AT ING
*ACCENTURE RAISED TO BUY VS HOLD AT BERENBERG
*ACERINOX RAISED TO BUY VS NEUTRAL AT GOLDMAN
*AVIVA RAISED TO SECTOR PERFORM AT RBC CAPITAL
*BANK OF IRELAND RAISED TO BUY VS NEUTRAL AT BOFAML
*BOUYGUES SA RAISED TO SECTOR PERFORM AT RBC CAPITAL
*BRUNELLO CUCINELLI RAISED TO NEUTRAL AT MEDIOBANCA
*BRUNELLO CUCINELLI RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*CENTRICA RAISED TO BUY VS HOLD AT BERENBERG
*ENDESA RAISED TO BUY VS HOLD AT BERENBERG
*FORTUM RAISED TO BUY VS HOLD AT BERENBERG
*GAS NATURAL RAISED TO HOLD VS SELL AT BERENBERG
*GDF SUEZ RAISED TO OVERWEIGHT VS UNDERWEIGHT AT HSBC
*GDF SUEZ RAISED TO BUY VS SELL AT BERENBERG
*IBERDROLA RAISED TO BUY VS HOLD AT BERENBERG
*LONMIN RAISED TO NEUTRAL VS SELL AT GOLDMAN
*MILLICOM RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*ORANGE POLSKA RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*SYMRISE RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*TEMENOS RAISED TO HOLD VS SELL AT BERENBERG
>>> Down
*CEGEDIM CUT TO SELL VS HOLD AT SOCGEN
*ENEL GREEN POWER CUT TO HOLD VS BUY AT BERENBERG
*INDRA SISTEMAS CUT TO HOLD VS BUY AT BERENBERG
*MILLICOM CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*NAWRAS CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*RWE CUT TO HOLD VS BUY AT INVESTEC
*RIYAD BANK CUT TO UNDERPERFORM VS BUY AT BOFAML
*SONATEL CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
>>> PT Change
*Autogrill PT Raised to EU8.65 at Mediobanca; Kept at Outperform
*Banca Generali PT Raised to EU26 at Kepler Cheuvreux
*DIASORIN PT CUT TO EU32.3 VS EU33 AT UBS; KEPT AT NEUTRAL
*ENEL PT RAISED TO EU3.85 VS EU3 AT BERENBERG; KEPT AT HOLD
*Monte Paschi PT Raised to EU0.14 vs EU0.12 at BofAML
*SNAM PT RAISED TO EU4.1 VS EU3.65 AT BERENBERG; KEPT AT HOLD
*TERNA PT RAISED TO EU3.6 VS EU3.4 AT BERENBERG; KEPT AT HOLD
>>> Initiation
*DAIMLER RATED NEW BUY AT BERENBERG; PT EU80
>>> call
>> Stock
>> Sector
*GLOBAL TELECOM CUT TO NEUTRAL VS OVERWEIGHT AT HSBC