>>> Up
*AFK SISTEMA RAISED TO BUY VS NEUTRAL AT UBS
*AFRICAN BARRICK GOLD RAISED TO NEUTRAL VS UNDERPERFORM: BOFAML
*ALPHA BANK RAISED TO BUY VS NEUTRAL AT BOFAML
*ASTRAL FOODS RAISED TO BUYS VS UNDERPERFORM AT BOFAML
*BBA AVIATION RAISED TO HOLD VS SELL AT LIBERUM
*BANKINTER RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML
*DSM RAISED TO BUY AT KEPLER CHEUVREUX
*ITV RAISED TO HOLD VS SELL AT BERENBERG
*PIRAEUS BANK RAISED TO BUY VS UNDERPERFORM AT BOFAML
*SISTEMA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*UBM REMOVED FROM CONVICTION BUY AT GOLDMAN, STILL A BUY
>>> Down
*DEUTSCHE EUROSHOP CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*FUCHS PETROLUB CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*K+S CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
>>> PT Change
*Generali PT Raised to EU17.5 vs EU17.2 at Berenberg
>>> Initiation
*GLENCORE XSTRATA RATED NEW BUY AT DEUTSCHE BANK
*SURGUTNEFTEGAS RATED NEW OUTPERFORM AT CREDIT SUISSE
*TATNEFT RATED NEW UNDERPERFORM AT CREDIT SUISSE, PT $36
*TELEFONICA DEUTSCHLAND RATED NEW HOLD AT KEPLER CHEUVREUX
>>> Call
>> Stock
*BABCOCK INTL ADDED TO EUROPEAN ANALYST FOCUS LIST AT JPMORGAN
*HOLCIM ADDED TO BOFAML’S EUROPE 1 LIST
*UBM REMOVED FROM CONVICTION BUY AT GOLDMAN, STILL A BUY