>>> Up
*BAE SYSTEMS RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*BEIERSDORF RAISED TO NEUTRAL FROM SELL AT GOLDMAN
*EFG INTERNATIONAL RAISED TO OUTPERFORM AT CREDIT SUISSE
*FIRST HORIZON RAISED TO BUY VS HOLD AT EVERCORE ISI
*GIVAUDAN RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*LVMH RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*MAERSK RAISED TO BUY VS NEUTRAL AT UBS
*SAGE GROUP RAISED TO BUY VS UNDERPERFORM AT BOFA
*STANDARD LIFE RAISED TO BUY VS HOLD AT JEFFERIES
*TDC RAISED TO BUY VS NEUTRAL AT UBS
*VALMET RAISED TO BUY VS HOLD AT BERENBERG
*ZURICH INSURANCE RAISED TO OVERWEIGHT AT BARCLAYS
>>> Down
*COCA-COLA FEMSA CUT TO REDUCE VS NEUTRAL AT NOMURA
*OMV CUT TO UNDERWEIGHT VS EQUAL WEIGHT AT MORGAN STANLEY
*QINETIQ CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*SAFRAN CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
>>> PT Change
>>> Initiation
*DRILLISCH RATED NEW BUY AT HSBC, PT EU50
*EDAG ENGINEERING RATED NEW OVERWEIGHT AT MORGAN STANLEY PT EU25
*ELIOR RATED NEW BUY AT UBS, PT EU22
*SSP GROUP RATED NEW SELL AT UBS, PT 280P
*TLG IMMOBILIEN RATED NEW BUY AT BERENBERG, PT EU21
>>> Call
>> Stock
*BAVARIAN NORDIC EXIT KEY BUYS LIST AT CITI
*GRAND CITY EXIT KEY BUYS LIST AT CITI
*TF1 EXIT KEY BUYS LIST AT CITI