>>> Up
*ARKEMA RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*ISBANK RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
>>> Down
*IMPLATS CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*LEROY SEAFOOD CUT TO BUY VS STRONG BUY AT NORDEA
*LONMIN CUT TO NEUTRAL VS BUY AT CITI
*ROLLS-ROYCE CUT TO UNDERPERFORM VS MARKET PERFORM AT BERNSTEIN
*SARAS CUT TO SELL VS HOLD AT SOCGEN
*STATOIL ASA CUT TO SECTOR PERFORM FROM TOP PICK AT RBC CAPITAL
*TOTAL CUT TO SECTOR PERFORM FROM OUTPERFORM AT RBC CAPITAL
*VODAFONE CUT TO NEUTRAL VS BUY AT GOLDMAN
>>> PT change
*CAMPARI PT CUT TO EU5.9 VS EU5.92 AT JPMORGAN; KEPT AT NEUTRAL
*FIAT PT CUT TO EU6.6 VS EU6.9 AT CITI; KEPT AT SELL
*MARR PT RAISED TO EU15.5 VS EU14.5 AT BOFAML; KEPT AT BUY
*MEDIASET PT CUT TO EU4.7 VS EU5 AT DEUTSCHE BANK; KEPT AT BUY
*SARAS PT CUT TO EU1.05 VS EU1.1 AT UBS; KEPT AT SELL
>>> Initiation
*ASOS RATED NEW BUY AT BERENBERG; PT 5,350P
*DEBENHAMS RATED NEW HOLD AT BERENBERG; PT 87P
*FORTUM RATED NEW SELL AT SOCGEN; PT EU13.3
*GLAXO RATED NEW OVERWEIGHT AT MORGAN STANLEY, PT 1,950P
*MARKS & SPENCER RATED NEW HOLD AT BERENBERG; PT 415P
*SUPERGROUP RATED NEW BUY AT BERENBERG; PT 1,490P
>>> Call
>> Stock
*ICAP ADDED TO UBS’S LEAST PREFERRED LIST
*GDF Suez, Enel Preferred Among Large Cap Utilities at JPMorgan