>>> Up
*BERENDSEN RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*BUNGE RAISED TO OVERWEIGHT AT JPMORGAN
*FRESENIUS SE RAISED TO BUY VS HOLD AT BERENBERG
*GAZPROM RAISED TO HOLD AT HSBC
*GERRESHEIMER RAISED TO BUY VS HOLD AT BERENBERG
*HELLENIC PETROLEUM RAISED TO BUY AT HSBC
*HISPANIA ACTIVOS RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*IAMGOLD RAISED TO NEUTRAL VS SELL AT GOLDMAN
*INVESTEC RAISED TO BUY VS HOLD AT HSBC
*KLOVERN RAISED TO BUY VS HOLD AT PARETO
*NEMETSCHEK RAISED TO HOLD AT BAADER-HELVEA
*PROVIDENT FINANCIAL RAISE TO OVERWEIGHT AT BARCLAYS
*RED ELECTRICA RAISED TO HOLD AT HSBC
*REXEL RAISED TO HOLD AT BERENBERG (YESTERDAY)
*ROSNEFT RAISED TO HOLD AT HSBC
*SAGAX RAISED TO BUY VS HOLD AT PARETO
*UDG HEALTHCARE RAISED TO BUY VS HOLD AT BERENBERG
*VOESTALPINE RAISED TO BUY VS HOLD AT BERENBERG
>>> Down
*BBVA CUT TO ADD VS BUY AT ALPHAVALUE
*CAMBIAN CUT TO HOLD VS BUY AT BERENBERG
*DNO ASA CUT TO HOLD AT NORDEA
*EUROCASH CUT TO REDUCE AT HSBC
*FRESNILLO CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
*HENDERSON CUT TO NEUTRAL AT BOFAML
*LEGRAND CUT TO UNDERPERFORM AT RBC CAPITAL
*MEDA AB CUT TO NEUTRAL VS BUY AT CITI
*SOCGEN CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
>>> PT Change
>>> Initiation
*CAPITA PLC REINSTATED AT SELL AT GOLDMAN; PT 1,028P
*EUTELSAT COMMUNICATIONS RATED NEW OUTPERFORM AT MACQUARIE
*INMARSAT RATED NEW NEUTRAL AT MACQUARIE; PT 1,100P
*SES SA RATED NEW NEUTRAL AT MACQUARIE; PT EU25
>>> Call