>>> Brokers Upgrades & Downgrades

>>> Up
*DANSKE BANK RAISED TO BUY VS REDUCE AT NOMURA
*INTESA RAISED TO NEUTRAL VS SELL AT CITI
*METTLER TOLEDO RAISED TO BUY VS NEUTRAL AT UBS
*MITCHELLS & BUTLERS RAISED TO BUY VS NEUTRAL AT NOMURA
*MOBILE TELESYSTEMS RAISED FROM EQUALWEIGHT AT BARCLAYS
*NLMK RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*ROTORK RAISED TO BUY VS HOLD AT BERENBERG
*SCA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*STORA ENSO RAISED TO BUY VS NEUTRAL AT BOFAML
*SYNGENTA RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
*TATE & LYLE RAISED TO OVERWEIGHT VS UNDERWEIGHT AT JPMORGAN
*UNICREDIT RAISED TO BUY VS NEUTRAL AT CITI
*VEDANTA RAISED TO BUY VS NEUTRAL AT BOFAML
*VIMPELCOM RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS

>>> Down
*CREDIT SUISSE CUT TO NEUTRAL AT MACQUARIE
*CHR. HANSEN CUT TO NEUTRAL VS OVERWIEGHT AT JPMORGAN
*KERRY GROUP CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*KUDELSKI CUT TO HOLD VS BUY AT HELVEA
*MARSTON’S CUT TO NEUTRAL VS BUY AT NOMURA
*MEGAFON CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*STOREBRAND CUT TO HOLD VS BUY AT SEB

>>> PT change
*ACCIONA CUT TO SELL FROM NEUTRAL AT GOLDMAN
*BANCA GENERALI PT RAISED TO EU27 VS EU21.5 AT CITI; KEPT AT BUY
*DIA PT Cut to EU6.1 vs EU6.8 at Hammer Partners
*PRYSMIAN PT CUT TO EU18.5 VS EU19 AT BERENBERG; KEPT AT HOLD
*TDC CUT TO HOLD VS BUY AT BERENBERG
*UBI PT RAISED TO EU5.8 VS EU4.7 AT CITI; KEPT AT NEUTRAL

>>> Initiation
*EUTELSAT REINSTATED AT NEUTRAL AT CREDIT SUISSE
*Grifols A Shares Resumed Buy at Goldman, B Shares Rated New Buy
*MEDIOLANUM RATED NEW BUY AT CITI; PT EU7.6

>>> Call
>> Stock
*PGE, EUROCASH ADDED TO UBS’S LEAST PREFERRED LIST
*PKO, ENERGA ADDED TO UBS’S MOST PREFERRED LIST
>> Sector
*ITALIAN BANKS RAISED TO NEUTRAL VS UNDERWEIGHT AT CITI