>>> Up
*ABB Raised to Buy at BofAML
*Alfa Laval Raised to Neutral at BofAML
*ASOS Raised to Equal-Weight at Morgan Stanley, PT 5170p
*BT Raised to Overweight at Morgan Stanley, PT 490p
*Burberry Raised to Overweight at Barclays
*Capita Raised to Hold at HSBC, PT GBP5
*DONG Energy Raised to Market Perform at Bernstein, PT DKK270
*Eni Raised to Neutral at Exane, PT EU15
*KAZ Minerals Raised to Add at Peel Hunt
*L'Oreal Raised to Buy at UBS
*MTU Aero Raised to Market Perform at Bernstein, PT EU111
*Nestle Raised to Buy at UBS
*Outotec Raised to Neutral at Goldman
*ProSieben Raised to Overweight at Morgan Stanley
*ProSieben Raised to Buy at Berenberg
*Repsol Raised to Outperform at Exane, PT EU16
*RWE Raised to Equal-Weight at Barclays
*Spectris Raised to Buy at BofAML
*Spirax Raised to Buy at BofAML
*UCB Raised to Outperform at Credit Suisse, PT EU78
*Wolters Kluwer Raised to Hold at Berenberg
>>> Down
*Assa Abloy Cut to Neutral at BofAML
*Atlas Copco Cut to Underperform at BofAML
*DNB Cut to Hold at HSBC, PT NOK133
*EasyJet Cut to Underweight at JPMorgan, PT 950p
*Endeavour Mining Cut to Add at Peel Hunt
*Evotec Cut to Hold at DZ Bank, PT EU8
*Evolva Holding Cut to Neutral at Credit Suisse, PT CHF0.57
*FDR FP Cut to Hold at Tradition Securities & Futures
*GAM Holding Cut to Underperform at Main First Bank AG
*GAM Holding Cut to Underperform at RBC, PT CHF11.50
*Hugo Boss Cut to Hold at HSBC, PT EU61
*KPN Cut to Underperform at Jefferies, PT EU2.32
*Legrand Cut to Neutral at BofAML
*Metso Cut to Underperform at BofAML
*Novartis Cut to Neutral at Credit Suisse, PT CHF77
*Schneider Cut to Neutral at BofAML
*SEB Cut to Neutral at Main First Bank AG, PT EU135
*Segro Cut to Underweight at JPMorgan, PT 500p
*Siemens Cut to Sell at Goldman
*Television Francaise 1 Cut to Underweight at Morgan Stanley
*Thomas Cook Cut to Neutral at Credit Suisse, PT 88p
*TUI Cut to Underperform at Credit Suisse, PT 1040p
*UBM Cut to Sell at Berenberg
>>> PT Change
*Telecom Italia PT Raised to €1.05 from €0.95, Reiterate Buy at Kepler
>>> Initiation
*EMS-Chemie Rated New Underperform at Main First Bank AG
*SAP Rated New Outperform at Wells Fargo
*Volvo Rated New Underweight at Barclays, PT SEK94
>>> Call