>>> Up
*B&M EUROPEAN VALUE RETAIL RAISED TO BUY VS NEUTRAL AT NOMURA
*PETROFAC RAISED TO BUY VS NEUTRAL AT UBS
*SAIPEM RAISED TO NEUTRAL VS SELL AT UBS
*SNAM RAISED TO BUY VS NEUTRAL AT UBS
*TELEFONICA RAISED TO HOLD VS SELL AT BERENBERG
*TENARIS RAISED TO BUY VS NEUTRAL AT UBS
*TERNA RAISED TO NEUTRAL VS SELL AT UBS
>>> Down
*CARD FACTORY CUT TO NEUTRAL VS BUY AT NOMURA
*MAERSK CUT TO HOLD AT NORDEA
*VODAFONE CUT TO UNDERWEIGHT AT SANTANDER
>>> PT Change
>>> Initiation
*URALKALI REINSTATED EQUALWEIGHT AT BARCLAYS
>>> Call