>>> Brokers Upgrades & Downgrades

>>> Up
*GREENCOAT UK WIND RAISED TO OVERWEIGHT VS EQUALWEIGHT: BARCLAYS
*GRIFOLS RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*HSBC RAISED TO BUY VS NEUTRAL AT BOFAML, PT HK$98.50
*PETROFAC RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*ST. JUDE MEDICAL RAISED TO OVERWEIGHT AT MORGAN STANLEY

>>> Down
*AVIVA REMOVED FROM UBS’S MOST PREFERRED LIST
*BARRY CALLEBAUT CUT TO HOLD VS BUY AT KEPLER
*CHR HANSEN CUT TO HOLD VS BUY AT DNB
*DEUTSCHE LUFTHANSA CUT TO REDUCE VS HOLD AT KEPLER
*DIALOG SEMI CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*EDENRED CUT TO NEUTRAL VS BUY AT NATIXIS
*MICRO FOCUS CUT FROM CREDIT SUISSE’S SMID FOCUS LIST, CUT TO NEUTRAL VS OUTPERFORM
*NEXANS CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*PARTNERSHIP CUT TO NEUTRAL VS BUY AT NOMURA
*PUMA CUT TO NEUTRAL FROM OVERWEIGHT AT HSBC; PT EU250
*REMY COINTREAU CUT TO NEUTRAL VS BUY AT NATIXIS
*SANOFI CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*WOOD GROUP CUT TO HOLD VS BUY AT DEUTSCHE BANK

>>> PT Changes

>>> Initiation
*BW LPG RATED NEW BUY AT BOFAML
*GALENICA RATED NEW HOLD AT JEFFERIES
*INFINIS ENERGY RATED NEW OVERWEIGHT AT BARCLAYS, PT 310P
*TARKETT RATED NEW OVERWEIGHT AT HSBC, PT EU35


>>> Country Sector Stock
>>>Stock
*ADMIRAL REMOVED FROM UBS’S LEAST PREFERRED LIST
RSA Added to UBS’s Most Preferred List; Aviva Removed
Generali Added to UBS Least Preferred List; Admiral Removed
*ELEKTA ADDED TO UBS’S MOST PREFERRED LIST