>>> Up
*DEUTSCHE BOERSE RAISED TO BUY VS NEUTRAL AT GOLDMAN ( Note attached)
*FERRAGAMO RAISED TO OUTPERFORM AT CREDIT SUISSE
*FERREXPO RAISED TO REDUCE VS SELL AT NUMIS
*HOCHSCHILD RAISED TO HOLD VS REDUCE AT NUMIS
*IAG RAISED TO BUY VS NEUTRAL AT UBS
*KAZ MINERALS RAISED TO HOLD VS REDUCE AT NUMIS
*SANOFI RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*SWATCH RAISED TO BUY VS NEUTRAL AT NOMURA
*WINCOR NIXDORF RAISED TO HOLD FROM SELL AT BANKHAUS LAMPE
>>> Down
*ARM HOLDINGS CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*BOUYGUES CUT TO NEUTRAL VS BUY AT BOFA
*ELMOS SEMICONDUCTORS CUT TO HOLD FROM BUY AT DZ BANK
*STAGECOACH CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*STMICROELECTRONICS CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
>>> PT Change
>>> Initiation
>>> Call