>>> Up
*8POINT3 ENERGY PARTNERS RAISED TO OVERWEIGHT AT BARCLAYS
*ADP RAISED TO OUTPERFORM AT BERNSTEIN
*BANKIA RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*BMW RAISED TO NEUTRAL AT EXANE
*RANDSTAD RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*RWE RAISED TO BUY VS HOLD AT JEFFERIES
*SCOR RAISED TO BUY AT HSBC
*SOGEFI RAISED TO NEUTRAL VS UNDERPERFORM AT MEDIOBANCA
*SUBSEA 7 RAISED TO OUTPERFORM VS NEUTRAL AT MACQUARIE
*SUEDZUCKER RAISED TO ADD VS REDUCE AT ALPHAVALUE
>>> Down
*BMW CUT TO NEUTRAL AT JPMORGAN
*DAIMLER CUT TO UNDERPERFORM AT EXANE
*DELEK CUT TO NEUTRAL AT JPMORGAN
*DIXONS CARPHONE CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*FAURECIA CUT TO NEUTRAL AT EXANE
*FRANK’S INTERNATIONAL CUT TO UNDERPERFORM VS HOLD AT JEFFERIES
*HANNOVER RUECK CUT TO HOLD AT HSBC
*HIKMA CUT TO HOLD AT HSBC
*IMI CUT TO SELL VS NEUTRAL AT UBS
*MUNICH RE CUT TO HOLD AT HSBC
*RENAULT CUT TO NEUTRAL AT EXANE
*SPIRAX-SARCO CUT TO NEUTRAL VS BUY AT UBS
>>> PT Change
>>> Initiaition
*COCA-COLA EUROPEAN PARTN RATED NEW BUY AT SANTANDER
*TENARIS, TOD’S SET AS NEW SHORTS AT MEDIOBANCA
>>> Call
>> Stock
*AENA ADDED TO EUROPEAN TOP PICKS AT BARCLAYS
*BOLIDEN ADDED TO EUROPEAN TOP PICKS AT BARCLAYS
*CREDEM, LEONARDO REMOVED FROM LONG STOCKS AT MEDIOBANCA
*IMPERIAL BRANDS ADDED TO EUROPEAN TOP PICKS AT BARCLAYS
*INTESA, TREVI REMOVED FROM SHORT STOCKS AT MEDIOBANCA
*INTESA, SAIPEM SET AS NEW LONGS AT MEDIOBANCA
*PERNOD ADDED TO DIRECTORS OF RESEARCH FOCUS LIST AT GOLDMAN
*PHILIPS LIGHTING ADDED TO DOR FOCUS LIST AT GOLDMAN
*REDROW ADDED TO EUROPEAN TOP PICKS AT BARCLAYS
*RYANAIR REMOVED FROM EUROPEAN TOP PICKS AT BARCLAYS
*SAIPEM ADDED TO DIRECTORS OF RESEARCH FOCUS LIST AT GOLDMAN
*SHIRE ADDED TO DIRECTORS OF RESEARCH FOCUS LIST AT GOLDMAN
*TENARIS, TOD’S SET AS NEW SHORTS AT MEDIOBANCA
*VINCI ADDED TO DIRECTORS OF RESEARCH FOCUS LIST AT GOLDMAN
>> Sector
*EUROPEAN BANKS CUT TO NEUTRAL VS OVERWEIGHT AT UBS
*EUROPEAN CHEMICALS RAISED TO NEUTRAL VS UNDERWEIGHT AT UBS
*EUROPEAN CAPITAL GOODS CUT TO NEUTRAL FROM OVERWEIGHT AT UBS
*EUROPEAN UTILITIES RAISED TO OVERWEIGHT VS NEUTRAL AT UBS