>>> Brokers Upgrades & Downgrades - Friday 13/06/2014

>>> Up
*ADIDAS AG RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*AMPLIFON RAISED TO OUTPERFORM VS UNDERPERFORM AT MEDIOBANCA
*DUFRY RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*FLSMIDTH RAISED TO NEUTRAL VS SELL AT GOLDMAN
*GAS NATURAL RAISED TO BUY VS ADD AT INVESTEC
*GEBERIT RAISED TO BUY VS SELL AT GOLDMAN
*IBERDROLA RAISED TO BUY VS ADD AT INVESTEC
*LEGRAND REMOVED FROM CONVICTION BUY LIST AT GOLDMAN; STILL BUY
*NEXANS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*PUMA SE RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*SSE RAISED TO BUY VS REDUCE AT INVESTEC
*SCHNEIDER ELECTRIC ADDED TO CONVICTION BUY LIST AT GOLDMAN
*VESUVIUS RAISED TO ADD VS HOLD AT NUMIS

>>> Down
*ASOS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*CENTRICA CUT TO SELL VS REDUCE AT INVESTEC
*EDP-ENERGIAS DE PORTUGAL CUT TO ADD VS BUY AT INVESTEC
*IPSEN CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*KONE REMOVED FROM CONVICTION SELL LIST AT GOLDMAN; STILL SELL
*LOOMIS CUT TO SELL VS BUY AT UBS
*RWE CUT TO SELL VS HOLD AT INVESTEC
*SCHNEIDER CUT TO EQUAL-WEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*WARTSILA EXITS CONVICTION SELL LIST AT GOLDMAN; STILL SELL
*WEATHERFORD CUT TO HOLD VS BUY AT SOCIETE GENERALE

>>> PT Change
*MEDIASET PT CUT 3% TO EU3.4 AT BARCLAYS; KEPT AT UNDERWEIGHT
*UniCredit PT Raised 11% to EU5.8 at Exane; Kept at Underperform

>>> Initiation
*ADOCIA RATED NEW BUY AT KEPLER CHEUVREUX; PT EU25
*BALOISE RATED NEW HOLD AT KEPLER CHEUVREUX; PT CHF115
*CUCINELLI RATED NEW UNDERPERFORM AT CREDIT SUISSE; PT EU15
*SPECTRIS RATED NEW OVERWEIGHT AT MORGAN STANLEY; PT 2,680P

>>> Call
>> Stock
*KONE REMOVED FROM CONVICTION SELL LIST AT GOLDMAN; STILL SELL
*LEGRAND REMOVED FROM CONVICTION BUY LIST AT GOLDMAN; STILL BUY
*SCHNEIDER ELECTRIC ADDED TO CONVICTION BUY LIST AT GOLDMAN
*WARTSILA EXITS CONVICTION SELL LIST AT GOLDMAN; STILL SELL
>> Sector
* Oil Services Risk/Reward ‘Skewed Slightly’ to Downside: SocGen {NSN N72E6S6TTDTK <go>}
* U.K. Housebuilders Too Cheap, Offer Strong Upside, Numis Says {NSN N73F9K6JIJUX <go>}