>>> Up
* ABC arbitrage Raised to Buy at Kepler Cheuvreux, PT EU7
* Aena Raised to Overweight at Barclays, PT EU170
* Barratt Raised to Add at Peel Hunt
* BMW Raised to Outperform at MainFirst, PT EU100
* Brenntag Raised to Buy at Baader-Helvea, PT EU56
* Bovis Homes Raised to Add at Peel Hunt
* Countryside Raised to Buy at Peel Hunt
* Crest Nicholson Raised to Buy at Peel Hunt
* Darden Raised to Outperform at Baird, PT $94
* Hannover Re Raised to Neutral at JPMorgan, PT EU108
* Mapfre Raised to Outperform at BBVA, PT EU3
* RBS Raised to Buy at Jefferies, PT 306p
* Taylor Wimpey Raised to Add at Peel Hunt
* Telefonica Raised to Buy at Berenberg
* Thule Raised to Buy at Jefferies, PT SEK200
>>> Down
* ACS Cut to Hold at Berenberg
* Aena Cut to Hold at Santander, PT EU183
* Aena Cut to Reduce at HSBC, PT EU130
* Axfood Cut to Sell at SEB Equities
* BIC Cut to Add at AlphaValue
* Electrolux Cut to Neutral at Goldman, PT SEK290
* Ica Cut to Sell at SEB Equities
* Pearson Cut to Sell at Deutsche Bank
* Pearson Raised to Outperform at Exane
* SSP Cut to Hold at HSBC, PT GBP5.40
>>> Initiation
* CRH New Buy at Jefferies, PT EU36
* HeidelbergCement New Buy at Jefferies, PT EU98
* LafargeHolcim New Hold at Jefferies, PT CHF63
* Time out Group New Buy at Berenberg, PT 200p
* Zealand Pharma New Buy at Goldman, PT DKK155
>>> Call