>>> Brokers Upgrades & Downgrades

>>> Up
*AGGREKO RAISED TO BUY VS HOLD AT JEFFERIES
*BARCLAYS RAISED TO BUY VS NEUTRAL AT UBS
*BUNZL RAISED TO HOLD VS UNDERPERFORM AT JEFFERIES
*BUREAU VERITAS RAISED TO BUY VS UNDERPERFORM AT JEFFERIES
*EXPERIAN RAISED TO BUY VS HOLD AT JEFFERIES
*INTERTEK RAISED TO BUY VS UNDERPERFORM AT JEFFERIES
*PADDY POWER UPGRADED TO NEUTRAL FROM UNDERPERFORM AT DAVY
*SERCO RAISED TO HOLD VS SELL AT LIBERUM
*SGS RAISED TO BUY VS HOLD AT JEFFERIES
*TELIASONERA RAISED TO BUY VS NEUTRAL AT GOLDMAN

>>> Down
*DEVRO CUT TO NEUTRAL VS BUY AT GOLDMAN
*HAYS CUT TO HOLD AT JEFFERIES
*HERITAGE OIL CUT TO NEUTRAL VS BUY AT UBS
*KAZAKHMYS CUT TO UNDERPERFORM AT MACQUARIE
*MICHAEL PAGE CUT TO HOLD VS BUY AT JEFFERIES
*RANDSTAD CUT TO HOLD VS BUY AT JEFFERIES
*STHREE CUT TO HOLD VS BUY AT JEFFERIES

>>> PT Changes
*Jeronimo Martins PT Cut to EU16 vs EU16.3 at Raymond James
*SORIN PT RAISED TO EU2.65 VS EU2.5 AT BERENBERG; KEPT AT BUY

>>> Initiation
*CINEWORLD RESUMED OVERWEIGHT AT JPMORGAN, NEW PT 400P
*CONYGAR INVESTMENT RATED NEW BUY AT LIBERUM, PT 204P
*FLYBE RATED NEW HOLD AT CANTOR; PT 160P
*GULF MARINE SERVICES RATED NEW NEUTRAL AT JPMORGAN; PT 165P

>>> Call
>> Stock
*BARCLAYS ADDED TO MOST PREFERRED BANKS AT UBS
*DEUTSCHE BANK ADDED TO LEAST PREFERRED BANKS AT UBS