>>> Up
*BP RAISED TO OUTPERFORM VS MARKET PERFORM AT BERNSTEIN
*DELHAIZE RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*DEUTSCHE BANK RAISED TO HOLD VS SELL AT BERENBERG
*LECTRA RAISED TO BUY VS HOLD AT SOCGEN
*L’OREAL RAISED TO BUY AT HSBC
*METRO RAISED TO OUTPERFORM VS NEUTRAL AT EXANE (Note attached)
*MOBISTAR RAISED TO HOLD AT HSBC
*PROXIMUS RAISED TO BUY AT HSBC
*RIO TINTO RAISED TO OVERWEIGHT VS NEUTRAL AT CBA
*SKF RAISED TO BUY AT GOLDMAN
*SKY RAISED TO BUY VS NEUTRAL AT NOMURA
*TALKTALK RAISED TO OUTPERFORM VS NEUTRAL AT MACQUARIE
>>> Down
*KOENIG & BAUER CUT TO HOLD VS BUY AT HSBC
*SAP CUT TO HOLD VS BUY AT SOCIETE GENERALE
*TECNICAS CUT TO SELL VS NEUTRAL AT CITI
*VALEO CUT TO UNDERPERFORM FROM NEUTRAL AT EXANE (Note Attached)
*VOLKSWAGEN PFD CUT TO NEUTRAL FROM OUTPERFORM AT EXANE
*WILLIAM HILL CUT TO REDUCE AT HSBC
>>> PT Change
>>> Initiation
*ALFA LAVAL RATED NEW UNDERWEIGHT AT MORGAN STANLEY, PT SEK148
*CAPITA RATED NEW NEUTRAL AT GOLDMAN, PT 1,295P
*DX GROUP RATED NEW BUY AT NUMIS, PT 110P
*GEA GROUP RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU38
*KONE RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU39
*NORDAX GROUP RATED NEW NEUTRAL AT CITI, PT SKR42.20
*WARTSILA RATED NEW OVERWEIGHT AT MORGAN STANLEY, PT EU45
>>> Call
>> stock
*FLUGHAFEN ZURICH REMOVED FROM KEPLER MOST PREFERRED STOCKS LIST
*RYANAIR ADDED TO KEPLER CHEUVREUX MOST PREFERRED STOCKS LIST