>>> Up
*AXIS BANK RAISED TO BUY VS SELL AT UBS
*DOMINO PRINTING SCIENCES RAISED TO BUY VS NEUTRAL AT UBS
*GRAFTON GROUP RAISED TO BUY VS SELL AT CITI
*MARSHALLS RAISED TO BUY VS NEUTRAL AT CITI
*SALZGITTER RAISED TO OVERWEIGHT AT JPMORGAN
*TELIASONERA RAISED TO BUY AT JEFFERIES
*VEDANTA RESOURCES RAISED TO BUY VS HOLD AT SOCGEN
*WORLD DUTY FREE RAISED TO BUY VS NEUTRAL AT CITI
>>> Downgrades
*BELGACOM CUT TO HOLD VS BUY AT BERENBERG
*KAMADA LTD CUT TO SECTOR PERFORM AT RBC CAPITAL
*MIZRAHI TEFAHOT CUT TO NEUTRAL VS BUY AT UBS
*MUNICH RE CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*POPULAR CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
>>> PT Changes
*D’IETEREN PT CUT TO EU33 FROM EU36 AT ING
*Mediaset PT Cut to EU5 at Credit Suisse; Kept at Outperform
*Mediolanum PT Cut to EU7.15 vs EU7.45 at Goldman
>>> Initiation
*DIGITAL MAGICS RATED NEW BUY AT INTEGRAE SIM; PT EU9.1
*VERKKOKAUPPA RATED NEW BUY AT NORDEA, PT EU27.5
>>> Call
>> Stock
*INTERTEK REMOVED FROM UBS’S LEAST PREFERRED LIST
*SERCO ADDED TO UBS’S LEAST PREFERRED LIST