>>> Up
*ARKEMA RAISED TO BUY VS NEUTRAL AT NOMURA; PT CUT TO EU75
*FRESENIUS MEDICAL CARE RAISED TO BUY VS NEUTRAL AT UBS
*GEA GROUP RAISED TO BUY VS HOLD AT BERENBERG
*HANNOVER RE RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*IMAGINATION TECHNOLOGIES RAISED TO BUY VS HOLD AT LIBERUM
*L'OREAL RAISED TO STRONG BUY VS OUTPERFORM AT RAYMOND JAMES
*REN RAISED TO BUY VS NEUTRAL AT GOLDMAN
>>> Down
*BANCO ESPIRITO SANTO CUT TO SELL VS NEUTRAL AT CITI
*ILIAD CUT TO NEUTRAL VS BUY AT UBS
*TNT EXPRESS CUT TO HOLD VS BUY AT CANTOR
>>> PT Changes
* NYRSTAR PT RAISED TO EU3 VS EU2.80 AT ING
* Prada PT Cut to HKD57.8 at Mediobanca; Kept at Neutral
* Prysmian PT Cut to EU18.5 at Morgan Stanley; Kept at Overweight
>>> Initiation
>>> Call
>> Stock
*MONEYSUPERMARKET ENTERS CITI UK SMALL & MID-CAP KEY BUY LIST
*TELECITY GROUP REMOVED FROM UBS MIDCAP KEY CALL LIST