>>> Europe : Brokers Upgrades & Downgrades - 11th of May 2015

>>> Up 
*ABERTIS RAISED TO OUTPERFORM AT RBC CAPITAL
*AZIMUT RAISED TO NEUTRAL VS UNDERPERFORM AT MAINFIRST
*BODYCOTE RAISED TO BUY VS NEUTRAL AT CITI
*JERONIMO MARTINS RAISED TO HOLD VS SELL AT BERENBERG
*ROCKET INTERNET RAISED TO BUY VS NEUTRAL AT UBS

>>> Down
*ABERDEEN ASSET CUT TO HOLD VS BUY AT SOCGEN
*ANTOFAGASTA CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC

>>> PT Change


>>> Initiation
*ALTICE RATED NEW OUTPERFORM AT RBC, PT EU115
*QUINTAIN ESTATES RATED NEW BUY AT LIBERUM, PT 135P

>>> Call