>>> Up
*BWIN.PARTY DIGITAL RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*ENI RAISED TO CONVICTION BUY VS NEUTRAL AT GOLDMAN
*HAVAS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*IREN RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*ITALCEMENTI RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*OMV RAISED TO BUY VS SELL AT GOLDMAN
*PGNIG RAISED TO HOLD VS SELL AT ING
*RYANAIR RAISED TO BUY VS NEUTRAL AT BOFAML
*SWATCH RAISED TO BUY VS HOLD AT RENAISSANCE CAPITAL
*WIENERBERGER RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
>>> Down
*AKER SOLUTIONS CUT TO SELL VS HOLD AT DEUTSCHE BANK
*CEMEX ADR CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*CRH CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*GLOBALTRANS CUT TO HOLD VS BUY AT RENAISSANCE CAPITAL
*HOLCIM CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*LAFARGE CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*SAIPEM CUT TO SELL VS HOLD AT DEUTSCHE BANK
*SHELL CUT TO NEUTRAL VS BUY AT GOLDMAN
*SUBSEA 7 CUT TO SELL VS HOLD AT DEUTSCHE BANK
*SYNGENTA CUT TO UNDERPERFORM VS MARKET PERFORM AT BERNSTEIN
*TECHNIP CUT TO HOLD VS BUY AT DEUTSCHE BANK
>>> PT Changes
*Eni PT Cut to EU19.5 vs EU20 at Morgan Stanley
>>> Initiation
*EURONEXT RATED NEW BUY AT ING, PT EU23
*OPHIR ENERGY RATED NEW HOLD AT JEFFERIES, PT 255P
*PANDORA RATED NEW BUY AT BOFAML; PT DKK520
*PIRAEUS RESUMED AT NEUTRAL AT MEDIOBANCA; PT EU1.75
>>> Call
>> Stock
*AZIMUT, LUXOTTICA, UNIPOL SET AS NEW LONGS AT MEDIOBANCA
*CAPE REPLACES SOCO AS TOP SEPT. LARGER COMPANY PICK AT PEEL
*ERG, MONCLER, PRYSMIAN SET AS NEW SHORTS AT MEDIOBANCA
*GDF SUEZ EXITS UBS MOST PREFERRED LIST, RWE EXITS LEAST
*OUTOKUMPU ADDED TO BOFAML MOST PREFERRED BASIC MATERIALS SHRS