>>> Europe : Brokers Upgrade & Downgrade - 15th of September 2016

>>> Up
*COCA-COLA HBC RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*DICK’S SPORTING GOODS RAISED TO OUTPERFORM AT OPPENHEIMER
*FRESNILLO RAISED TO NEUTRAL VS SELL AT UBS
*MONCLER RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SUEZ RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*SWISS RE RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*TRANSOCEAN RAISED TO HOLD VS SELL AT CANACCORD

>>> Down
*ARCH CAPITAL GROUP CUT TO EQUALWEIGHT AT BARCLAYS
*DUNELM CUT TO HOLD VS BUY AT CANACCORD
*FERRELLGAS PARTNERS CUT TO UNDERPERFORM VS SECTOR PERFORM: RBC
*HARGREAVES LANSDOWN CUT TO SELL VS BUY AT LIBERUM
*NESTE CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
*PETROFAC CUT TO HOLD AT JEFFERIES
*SPORTS DIRECT INTERNATIONAL CUT TO NEUTRAL VS BUY AT CITI
*SSAB CUT TO UNDERPERFORM AT RBC CAPITAL
*TGS NOPEC CUT TO SELL AT NORDEA
*TOPDANMARK CUT TO HOLD AT HSBC
*TRYG AS CUT TO REDUCE AT HSBC

>>> PT Change


>>> Initiation
*CCEP RATED NEW NEUTRAL AT CREDIT SUISSE, PT EU37
*ELISA OYJ RATED NEW EQUALWEIGHT AT MORGAN STANLEY; PT EU35
*RPC GROUP RATED NEW BUY AT BERENBERG; PT 1,050P
*SANNE GROUP RATED NEW BUY AT BERENBERG; PT 600P

>>> Call