>>> Up
*ANTAM RAISED TO NEUTRAL VS SELL AT UBS
*BPOST SA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*MEDIASET ESPANA RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML
*MITCHELLS & BUTLERS RAISED TO BUY VS NEUTRAL AT CITI
*NUMERICABLE RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*PUBLIC POWER RAISED TO BUY VS NEUTRAL AT CITI
*SHANKS GROUP RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
>>> Down
*ANADOLU EFES CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*AUSTRIAN POST CUT TO UNDERWEIGHT AT MORGAN STANLEY
*BIM CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*KINGFISHER CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*LIBERTY GLOBAL CUT TO NEUTRAL VS BUY AT BOFAML
*MMK CUT TO NEUTRAL VS BUY AT CITI
*RUSSIAN STEEL CUT TO NEUTRAL VS OVERWEIGHT AT CITI
*SEVERSTAL CUT TO NEUTRAL VS BUY AT CITI
*TATE & LYLE CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*VESTAS WIND SYSTEMS CUT TO NEUTRAL VS BUY AT GOLDMAN
*VOESTALPINE CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
>>> PT Change
*Atlantia PT Raised to EU24 at JPMorgan; Kept at Overweight
*Telecom Italia PT Raised to EU0.55 at UBS; Kept at Sell
>>> Initiation
*AMADEUS REINITIATED AT BUY AT KEPLER CHEUVREUX; PT EU36.5
*ATRESMEDIA, TF1, M6 REINSTATED AT NEUTRAL AT BOFAML
*BRAVOFLY RUMBO RATED NEW NEUTRAL AT CREDIT SUISSE, PT CHF48
*CTT RATED NEW EQUALWEIGHT AT MORGAN STANLEY; PT EU7.4
*GECINA RATED NEW HOLD AT BERENBERG; PT EU104
*UBM, LAGARDERE REINSTATED AT UNDERPERFORM AT BOFAML
*REED ELSEVIER, INFORMA, HAVAS REINSTATED AT BUY AT BOFAML
*ROYAL MAIL RATED NEW UNDERWEIGHT AT MORGAN STANLEY; PT 450P
>>> Call
*AKZO NOBEL ENTERS BOFAML LEAST PREFERRED BASIC MATERIALS SHRS
*BNP PARIBAS REMOVED FROM CITI’S FOCUS LIST EUROPE
*RANDGOLD REMOVED FROM UBS’S MOST PREFERRED LIST
*SMITH & NEPHEW ADDED TO UBS’S M&A WATCH LIST
*SOLVAY ADDED TO MOST PREFERRED BASIC MATERIALS SHRS AT BOFAML