>>> Up
*BMW RAISED TO BUY VS NEUTRAL AT GOLDMAN
*BOLIDEN RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML
*FIRSTGROUP RAISED TO OVERWEIGHT AT MORGAN STANLEY
*ICAP RAISED TO NEUTRAL VS SELL AT GOLDMAN
*SCANIA RAISED TO NEUTRAL VS SELL AT GOLDMAN
>>> Down
*ALCATEL CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*GKN CUT TO SELL VS NEUTRAL AT GOLDMAN
*NATIONAL EXPRESS CUT TO EQUALWEIGHT AT MORGAN STANLEY
*VOLKSWAGEN (PFD) CUT TO NEUTRAL VS BUY AT GOLDMAN
>>> PT Change
*ARSEUS PT RAISED TO EU36 FROM EU30 AT ING
*Buzzi Unicem PT Raised to EU14 vs EU12 at Citi
*TOD’S PT CUT TO EU91 VS EU95 AT SOCGEN; KEPT AT SELL
>>> Initiation
*AFRICAN BANK INVESTMENTS RATED NEW SELL AT GOLDMAN
*CNH Industrial PT Cut to EU8.5 vs EU9.4 at Goldman
*EDP ENERGIAS RATED NEW HOLD AT DEUTSCHE BANK
*PANDORA RATED NEW BUY AT CITI, PT DKK368
>>> Call
>> Stock
*PEUGEOT ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS
*PUBLICIS ADDED TO CREDIT SUISSE’S EUROPE FOCUS LIST
*BUZZI UNICEM REMOVED FROM CONVICTION BUY AT GOLDMAN; STILL BUY