>>> Up
*ACACIA MINING PLC RAISED TO BUY AT HSBC
*AMLIN RAISED TO NEUTRAL VS SELL AT UBS
*BP RAISED TO NEUTRAL VS SELL AT GOLDMAN SACHS
*CAMBIAN RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*DEUTSCHE EUROSHOP RAISED TO BUY FROM HOLD AT BANKHAUS LAMPE
*ENEL RAISED TO BUY VS HOLD AT BERENBERG {NSN NUI0GQ6JIJUZ<Go>}
*KINGFISHER RAISED TO BUY FROM NEUTRAL AT UBS
*MAUNA KEA TECHNOLOGIES RAISED TO BUY AT SOCIETE GENERALE
*MERSEN RAISED TO BUY VS NEUTRAL AT ODDO
*REPSOL SA RAISED TO HOLD AT JEFFERIES
*RIO TINTO RAISED TO BUY VS NEUTRAL AT UBS
*SKF RAISED TO OVERWEIGHT AT BARCLAYS
*STADA RAISED TO BUY AT KEPLER CHEUVREUX
*SYNGENTA RAISED TO OUTPERFORM VS MARKET PERFORM AT BERNSTEIN
*TOTAL RAISED TO BUY VS NEUTRAL AT GOLDMAN SACHS (note attached)
*TULLOW OIL RAISED TO HOLD AT JEFFERIES
*WACKER NEUSON RAISED TO BUY VS REDUCE AT HSBC
*ZODIAC AEROSPACE RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*BP CUT TO HOLD AT JEFFERIES
*DRAX CUT TO SELL VS NEUTRAL AT GOLDMAN SACHS
*E.ON CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
*FALKLAND OIL & GAS CUT TO UNDERPERFORM AT JEFFERIES
*GRENKELEASING CUT TO HOLD VS BUY AT BERENBERG
*LAFARGE AFRICA PLC CUT TO HOLD AT RENAISSANCE CAPITAL
*LINDT & SPRUNGLI CUT TO NEUTRAL VS BUY AT GOLDMAN
*OPHIR ENERGY CUT TO HOLD AT JEFFERIES
*STATOIL ASA CUT TO UNDERPERFORM AT JEFFERIES
>>> PT Change
>>> Initiation
*ARM HOLDINGS RATED NEW OUTPERFORM AT MACQUARIE, PT $54
*DS SMITH REINSTATED AT BUY AT BOFA
*GENUS RATED NEW BUY AT HSBC
*GERRESHEIMER RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU60
*REPSOL RATED NEW SELL AT GOLDMAN SACHS
*SMURFIT KAPPA REINSTATED AT BUY AT BOFA
*STORA ENSO REINSTATED AT UNDERPERFORM AT BOFA
*THULE GROUP RATED NEW HOLD AT JEFFERIES
*UPM REINSTATED AT UNDERPERFORM AT BOFA
>>> Call
>> Stock
*PEUGEOT ADDED TO GOLDMAN SACHS CONVICTION BUY LIST
*DAIMLER REMOVED FROM GOLDMAN SACHS CONVICTION BUY LIST
*TOTAL ADDED TO GOLDMAN SACHS CONVICTION BUY LIST
* BAT, Centrica, Philips Added to Credit Suisse Europe Top Picks
>> Sector
*EUROPE INTEGRATED OIL SECTOR RAISED TO NEUTRAL AT GOLDMAN SACHS