>>> Brokers Upgrades & Downgrades

>>> Up
*BANCO POPULAR RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*BANKIA RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*BOUYGUES RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*BPOST RAISED TO BUY VS NEUTRAL AT NOMURA
*CENTRICA RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*ENEL OGK-5 RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*MONDI RAISED TO BUY VS NEUTRAL AT CITI
*RANDSTAD RAISED TO NEUTRAL VS SELL AT UBS
*STANDARD CHARTERED KEPT NEUTRAL AT JPMORGAN
*SWEDISH ORPHAN BIOVITRUM RAISED TO NEUTRAL VS SELL AT GOLDMAN

>>> Down
*DEUTSCHE POST CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*DEUTSCHE TELEKOM CUT TO HOLD FROM BUY AT JEFFERIES
*EVONIK CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*GETINGE CUT TO NEUTRAL VS BUY AT BOFAML
*INDITEX CUT TO HOLD VS BUY AT JEFFERIES
*SAFILO CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*TAYLOR WIMPEY CUT TO HOLD VS ADD AT NUMIS
*VOLKSWAGEN AG CUT TO SELL VS HOLD AT BANKHAUS LAMPE

>>> PT Change
*ATLANTIA PT RAISED TO EU21 VS EU20 AT BOFAML; KEPT AT BUY
*LUXOTTICA PT RAISED TO EU43 VS EU42 AT CANTOR; KEPT AT BUY
*MONCLER PT CUT TO EU15 VS EU15.8 AT BOFAML; KEPT AT NEUTRAL
*Pirelli PT Raised to EU14 at Mediobanca; Kept at Outperform
*UniCredit PT Raised to EU7.2 vs EU6.12 at JPMorgan
>>> Initiation


>>> Call
>> Stock
*BRITISH AMERICAN TOBACCO ADDED TO CITI’S FOCUS LIST EUROPE
*SSAB CUT FROM MORGAN STANLEY'S BEST IDEAS LIST