>>> Up
*ARCELORMITTAL RAISED TO BUY VS NEUTRAL AT GOLDMAN
*CONTINENTAL RAISED TO BUY VS NEUTRAL AT NOMURA
*KLOECKNER RAISED TO BUY VS NEUTRAL AT GOLDMAN
*LANCASHIRE RAISED TO HOLD VS REDUCE AT PEEL HUNT
*MEDIASET RAISED TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*MEDIASET RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SALZGITTER RAISED TO BUY AT GOLDMAN
*SAP RAISED TO BUY VS HOLD AT BERENBERG
*SEGRO RAISED TO ADD VS HOLD AT PEEL HUNT
*TECHNOTRANS RAISED TO BUY VS HOLD AT HSBC
*YANDEX RAISED TO BUY VS NEUTRAL AT GOLDMAN
>>> Down
*ASHTEAD CUT TO HOLD VS BUY AT HSBC
*ASTRAZENECA CUT TO SELL VS NEUTRAL AT GOLDMAN
*BW OFFSHORE LIMITED CUT TO HOLD AT NORDEA
*CAPITAL & COUNTIES CUT TO SELL VS REDUCE AT PEEL HUNT
*DEUTSCHE POST CUT TO SECTOR PERFORM AT RBC CAPITAL
*DEUTSCHE WOHNEN CUT TO HOLD VS BUY AT SOCIETE GENERALE
*DEUTSCHE WOHNEN CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*GEA GROUP CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*HOCHTIEF CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*INTU CUT TO REDUCE VS HOLD AT PEEL HUNT
*NOVARTIS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SECURITAS CUT TO UNDERPERFORM VS SECTOR PERFORM AT RBC
*SHAFTESBURY CUT TO REDUCE VS HOLD AT PEEL HUNT
*UNITE GROUP CUT TO HOLD VS ADD AT PEEL HUNT
*VESUVIUS CUT TO UNDERPERFORM VS HOLD AT JEFFERIES
>>> PT Change
>>> Initiation
*MICHELIN RATED NEW BUY AT NOMURA, PT EU93.9
*ROCKET INTERNET RATED NEW HOLD AT JEFFERIES
*VALLOUREC RESUMED EQUALWEIGHT AT MORGAN STANLEY, PT EU4
>>> Call
>> Country
*SWISS EQUITIES CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*U.K. EQUITIES RAISED TO NEUTRAL VS UNDERWEIGHT AT HSBC
*EMERGING MARKETS EQUITIES RAISED TO MODERATELY OVERWEIGHT: HSBC
*JAPAN EQUITIES CUT TO UNDERWEIGHT VS NEUTRAL AT HSBC