>>> Up
*BRITISH LAND RAISED TO BUY VS NEUTRAL AT GOLDMAN
*CA IMMOBILIEN RAISED TO BUY VS NEUTRAL AT GOLDMAN
*EUROCOMMERCIAL RAISED TO BUY VS NEUTRAL AT GOLDMAN
*INTU PROPERTIES RAISED TO NEUTRAL VS SELL AT GOLDMAN
*LAND SECURITIES RAISED TO BUY VS NEUTRAL AT GOLDMAN
*LANXESS RAISED TO BUY VS NEUTRAL AT BOFAML
*LUXOTTICA RAISED TO BUY VS NEUTRAL AT BOFAML
*OCI RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*PEARSON RAISED TO BUY VS NEUTRAL AT CITI
*PSP SWISS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*SES RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS
*SHAFTESBURY RAISED TO NEUTRAL VS SELL AT GOLDMAN
*SMITH & NEPHEW RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*ASTRESMEDIA CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*BANK OF IRELAND CUT TO NEUTRAL VS BUY AT NOMURA
*BENI STABILI CUT TO SELL VS NEUTRAL AT GOLDMAN
*CITYCON CUT TO NEUTRAL VS BUY AT GOLDMAN
*COFINIMMO CUT TO SELL VS NEUTRAL AT GOLDMAN
*CONWERT CUT TO SELL VS NEUTRAL AT GOLDMAN
*ERSTE GROUP CUT TO NEUTRAL VS BUY AT UBS
*GAGFAH CUT TO NEUTRAL VS BUY AT GOLDMAN
*GECINA CUT TO SELL VS NEUTRAL AT GOLDMAN
*GLOBALTRANS CUT TO NEUTRAL VS BUY AT UBS
*IG GROUP HOLDINGS CUT TO NEUTRAL VS BUY AT GOLDMAN
*INFORMA CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*ITV CUT TO SELL VS NEUTRAL AT CITI
*KLEPIERRE CUT TO NEUTRAL VS BUY AT GOLDMAN
*MERCK KGAA CUT TO SELL VS HOLD AT SOCGEN
*PEARSON CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*PROSIEBENSAT.1 CUT TO SELL VS NEUTRAL AT CITI
*RTL CUT TO NEUTRAL VS BUY AT CITI
*SCHIBSTED CUT TO NEUTRAL VS BUY AT CITI
*TELE2 CUT TO HOLD AT JEFFERIES
*VASTNED CUT TO SELL VS NEUTRAL AT GOLDMAN
>>> PT Change
*SAFILO PT RAISED 6% TO EU17.5 AT BOFAML; KEPT AT NEUTRAL
>>> Initiation
*ROYAL MAIL RATED NEW SELL AT CITI, PT 531P
*SCHIBSTED RATED NEW UNDERWEIGHT AT BARCLAYS; PT NOK350
*SHIRE RESUMED OVERWEIGHT AT MORGAN STANLEY, PT 3,370P
>>> Call
>> Stock
*BIG YELLOW ADDED TO CONVICTION BUY LIST AT GOLDMAN
>> Sector
*CONSTRUCTION MATERIALS RAISED TO OVERWEIGHT AT JPMORGAN