>>> Brokers Upgrades & Downgrades

>>> Up
*HENDERSON GROUP RAISED TO OUTPERFORM AT RBC CAPITAL
*KAZAKHMYS RAISED TO BUY VS NEUTRAL AT CITI
*LUFTHANSA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*MAN GROUP RAISED TO SECTOR PERFORM AT RBC CAPITAL
*PRUDENTIAL RAISED TO BUY VS NEUTRAL AT UBS
*YARA RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN

>>> Down
*AGGREKO CUT TO HOLD AT DEUTSCHE BANK
*ANGLO AMERICAN CUT TO SELL VS HOLD AT LIBERUM
*ASTRAZENECA CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*AVANGARD CUT TO UNDERPERFORM VS BUY AT BOFAML
*ELEKTA CUT TO SELL VS NEUTRAL AT UBS
*GALP ENERGIA CUT TO HOLD VS BUY AT SOCGEN
*GAZPROM CUT TO NEUTRAL VS BUY AT BOFAML
*GKN CUT TO NEUTRAL VS BUY AT UBS
*HANDELSBANKEN CUT TO HOLD VS BUY AT SEB
*INTELSAT SA CUT TO NEUTRAL AT JPMORGAN
*MHP CUT TO UNDERPERFORM VS BUY AT BOFAML
*RIO TINTO CUT TO NEUTRAL VS BUY AT CITI; PT A$74
*SODASTREAM CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*SAINT-GOBAIN CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*SIGNET CUT TO NEUTRAL VS BUY AT UBS
*UBM CUT TO HOLD VS BUY AT BERENBERG

>>> PT change
*AGEAS PT RAISED TO EU39 FROM EU36 AT ING

>>> Initiation
*SURGUTNEFTEGAS RATED NEW OVERWEIGHT AT BARCLAYS, PT $0.90

>>> Call
>> Stock
* Direct Line Added to UBS’s Most Preferred; RSA Insurance Removed
*RSA CUT FROM UBS’S MOST PREFERRED LIST
*INTERSHOP ADDED TO UBS’S LEAST PREFERRED LIST
*UNIBAIL-RODAMCO, ICADE CUT FROM UBS’S MOST PREFERRED LIST