>>> Europe : Brokers Upgrades & Downgrades - 11th of April 2016

>>> Up
*ANGLOGOLD ASHANTI RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*MEDIASET RAISED TO BUY AT HSBC
*SCHRODERS RAISED TO BUY VS HOLD AT JEFFERIES

>>> Down
*AGGREKO CUT TO SELL VS NEUTRAL AT UBS
*ARC RESOURCES CUT TO MARKET PERFORM VS OUTPERFORM AT BMO
*ASHMORE CUT TO HOLD VS BUY AT JEFFERIES
*DIRECT LINE CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*FRESNILLO CUT TO UNDERPERFORM VS SECTOR PERFORM AT RBC
*GEMALTO CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*PORSCHE CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*YARA CUT TO REDUCE VS HOLD AT HSBC

>>> PT Change


>>> Initiation
*AUTONATION RATED NEW HOLD AT JEFFERIES
*BHP BILLITON RATED NEUTRAL AT NOMURA
*FRESENIUS SE RATED NEW OUTPERFORM AT BERNSTEIN
*VTG REINITIATED BUY AT BANKHAUS LAMPE, PT EU34

>>> Call