>>> Europe : Brokers Upgrade & DOwngrade - 10th of February 2016

>>> Up
*ACTELION RAISED TO BUY AT HSBC
*BANCO POPULAR RAISED TO EQUAL WEIGHT AT MORGAN STANLEY
*CASINO RAISED TO EQUAL WEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*DOMINO'S PIZZA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*H&M RAISED TO BUY VS NEUTRAL AT UBS
*KRONES RAISED TO HOLD AT HSBC
*NYRSTAR RAISED TO BUY VS NEUTRAL AT BOFAML
*PROSEGUR RAISED TO OUTPERFORM AT BBVA
*SYNGENTA RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*VESTAS RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*VIVENDI RAISED TO OUTPERFORM AT MACQUARIE
*ZURICH INSURANCE RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN

>>> Down
*GAS NATURAL CUT TO HOLD VS BUY AT SOCIETE GENERALE
*RIO TINTO CUT TO UNDERWEIGHT VS OVERWEIGHT AT CBA

>>> PT Change


>>> Initiation
*EUTELSAT RATED NEW UNDERPERFORM AT RBC CAPITAL
*NORDEX RATED NEW OVERWEIGHT AT BARCLAYS, PT EU32
*SHIRE RATED NEW NEUTRAL AT GUGGENHEIM
*STANCHART REISTATED AT EQUALWEIGHT AT BARCLAYS; PT 500P
*TELECOM PLUS RATED NEW UNDERPERFORM AT RBC; PT 850P
*VIRGIN MONEY RATED NEW BUY AT NOMURA; PT 445P

>>> Call
>> Stock
*BARCLAYS REMOVED FROM CITI FOCUS LIST EUROPE
*TOTAL ADDED TO CITI FOCUS LIST EUROPE