>>> Up
*ANTOFAGASTA RAISED TO OVERWEIGHT AT JPMORGAN
*BHP BILLITON RAISED TO NEUTRAL AT JPMORGAN
*CAIXABANK RAISED TO OVERWEIGHT AT MORGAN STANLEY
*CNP RAISED TO BUY VS NEUTRAL AT NOMURA
*ELIA RAISED TO BUY FROM HOLD AT ING; PT RAISED TO EU47.70
*EUTELSAT RAISED TO BUY VS HOLD AT HSBC
*ITV RAISED TO BUY VS HOLD AT HSBC
*KERING RAISED TO NEUTRAL VS SELL AT GOLDMAN
*KUEHNE & NAGEL RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*LVMH RAISED TO BUY VS NEUTRAL AT GOLDMAN
*LUNDIN PETROLEUM RAISED TO NEUTRAL VS SELL AT UBS
*PREMIER OIL RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*SGS RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*SHIRE RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
>>> Down
*AIR FRANCE-KLM CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
*GAM HOLDING CUT TO NEUTRAL VS BUY AT UBS
*KAZ MINERALS CUT TO NEUTRAL AT JPMORGAN
*KGHM CUT TO UNDERWEIGHT AT JPMORGAN
*NORSK HYDRO CUT TO NEUTRAL AT JPMORGAN
*RIO TINTO CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*SOLVAY CUT TO SELL VS HOLD AT BERENBERG
>>> PT Change
>>> Initiation
*ATHABASCA OIL RATED NEW SECTOR PERFORM AT RBC, PT C$1.75
*DRAX RATED NEW HOLD AT JEFFERIES, PT 210P
>>> Call
>> Stock
*GENERALI, GEOX, TOD’S EXIT SHORT STOCKS AT MEDIOBANCA
*FERRAGAMO, LANDI RENZO, TREVI SET AS NEW SHORTS AT MEDIOBANCA
*POP. EMILIA, MEDIASET EXIT LONG STOCKS AT MEDIOBANCA
*BANCO POPOLARE, SIAS SET AS NEW LONGS AT MEDIOBANCA
>> Sector
*IT SECTOR CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*UTILITIES SECTOR RAISED TO OVERWEIGHT VS UNDERWEIGHT: JPMORGAN