>>> Down
*DIA CUT TO UNDERWEIGHT AT JPMORGAN
*TENARIS CUT TO EQUAL-WEIGHT AT MORGAN STANLEY
*VALLOUREC CUT TO UNDERWEIGHT VS EQUAL-WEIGHT: MORGAN STANLEY
*Gold Fields Cut to Sell vs Neutral at Citi
*Hamborner REIT AG Cut to Neutral vs Overweight at HSBC
*Gtech Cut to Neutral vs Outperform at Exane
>>> Initiation
*CENTRICA RATED NEW UNDERPERFORM AT BERNSTEIN
*DRAX RATED NEW MARKET PERFORM AT BERNSTEIN
*EON RATED NEW OUTPERFORM AT BERNSTEIN; PT EU16
*NATIONAL GRID RATED NEW OUTPERFORM AT BERNSTEIN
*RWE RATED NEW OUTPERFORM AT BERNSTEIN; PT EU34
*SEVERN TRENT RATED NEW MARKET PERFORM AT BERNSTEIN
*SSE RATED NEW UNDERPERFORM AT BERNSTEIN
*UNITED UTILITIES RATED NEW OUTPERFORM AT BERNSTEIN