>>> Up
*AIR FRANCE-KLM PT RAISED TO EU12 VS EU10 AT CANTOR; KEPT AT BUY
*ATLANTIA RAISED TO BUY VS NEUTRAL AT NOMURA
*BNP RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*FINMECCANICA RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*PANALPINA RAISED TO NEUTRAL VS REDUCE AT NOMURA
*POSTNL RAISED TO NEUTRAL VS REDUCE AT NOMURA
*SASOL RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SEB RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*SYMRISE RAISED TO NEUTRAL VS SELL AT UBS
*WINCOR NIXDORF RAISED TO HOLD VS SELL AT BERENBERG
>>> Down
*ABERTIS CUT TO NEUTRAL VS BUY AT NOMURA
*ADP CUT TO REDUCE VS NEUTRAL AT NOMURA
*BOUYGUES CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*BPOST CUT TO NEUTRAL VS BUY AT NOMURA
*GENEL ENERGY CUT TO HOLD VS BUY AT LIBERUM
*GO-AHEAD CUT TO NEUTRAL VS BUY AT NOMURA
*KUEHNE + NAGEL RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*MECHEL CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*MTU AERO ENGINES CUT TO UNDERWEIGHT AT MORGAN STANLEY
*NAMPAK CUT TO SELL VS NEUTRAL AT UBS
*NEOPOST CUT TO NEUTRAL VS BUY AT ODDO
*NORDEA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*NORSK HYDRO RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SWEDBANK CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*TNT EXPRESS CUT TO REDUCE VS NEUTRAL AT NOMURA
>>> PT Changes
*AIR FRANCE-KLM PT RAISED TO EU12 VS EU10 AT CANTOR; KEPT AT BUY
*Luxottica PT Raised to EU41 vs EU40 at JPMorgan
*SIAS PT RAISED TO EU8 VS EU7.4 AT NOMURA; KEPT AT NEUTRAL
>>> Initiation
*BW LPG RATED NEW HOLD AT DEUTSCHE BANK; PT NOK72
*D’AMICO RATED NEW BUY AT KEPLER CHEUVREUX; PT EU0.86
*MONCLER RATED NEW NEUTRAL AT MEDIOBANCA; PT EU15.45
*MONCLER RATED NEW NEUTRAL AT BOFAML; PT EU15.8
*MONCLER RATED NEW SELL AT UBS, PT EU12.10
*MONCLER RATED NEW NEUTRAL AT JPMORGAN; PT EU13.5
*MONCLER RATED NEW NEUTRAL AT GOLDMAN, PT EU15
*MURRAY & ROBERTS RATED NEW NEUTRAL AT UBS, PT 31 RAND
*SCHNEIDER ELECTRIC RESUMED AT BUY AT DEUTSCHE BANK; PT EU70
*TALANX RATED NEW HOLD AT COMMERZBANK, PT EU25
*TARKETT RATED NEW OUTPERFORM AT RAYMOND JAMES; PT EU33
>>> Call
>> Stock
*ABI, ABF, BAT, BEIERSDORF MOST PREFERRED CONSUMER SHRS AT UBS
*DSM ADDED TO UBS’S LEAST PREFERRED LIST
*EMS CHEMIE, GIVAUDAN ADDED TO UBS’S MOST PREFERRED LIST
*LANXESS ADDED TO UBS’S MOST PREFERRED LIST
*RECKITT, DANONE, CARLSBERG LEAST PREFERRED CONSUMER SHRS AT UBS