>>> Up
* Adidas Upgraded to Hold at Hauck & Aufhaeuser; PT 170 Euros
* Aurubis Upgraded to Buy at Bankhaus Lampe
* Austevoll Seafood Raised to Buy at Kepler Cheuvreux
* BCP Upgraded to Add at AlphaValue
* BioMerieux Upgraded to Buy at HSBC; PT 75 Euros
* Edenred Upgraded to Reduce at AlphaValue
* LondonMetric Property Raised to Equal-weight at Morgan Stanley
* Metso Upgraded to Overweight at Morgan Stanley; PT 30 Euros
* Pandox Upgraded to Overweight at Morgan Stanley; PT 180 Kronor
* PhotoCure Upgraded to Buy at Norne Securities; PT 36 Kroner
* Ringmetall Upgraded to Buy at Montega; PT 4.50 Euros
* Total Upgraded to Overweight at Barclays; PT 60 Euros
* Unipol Upgraded to Buy at Kepler Cheuvreux; PT 4.60 Euros
>>> Down
* Evraz Downgraded to Hold at VTB Capital; PT Set to 4.20 Pounds
* FLSmidth Cut to Equal-weight at Morgan Stanley; PT 407 Kroner
* Helvetia Downgraded to Hold at Kepler Cheuvreux; PT 630 Francs
* ICADE Downgraded to Equal-weight at Morgan Stanley; PT 86 Euros
* M6 Downgraded to Underweight at JPMorgan; PT 21.50 Euros
* Mediaset Downgraded to Underweight at JPMorgan; PT 3.10 Euros
* Neinor Downgraded to Neutral at BPI; PT 18.75 Euros
* Norsk Hydro Cut to Equal-weight at Morgan Stanley; PT 61 Kroner
* Wartsila Downgraded to Reduce at AlphaValue
>>> Initiation
* Ferrari Rated New Outperform at Credit Suisse; PT $150
* Gestamp Rated New Neutral at Alantra Equities; PT 7 Euros
* Molecular Medicine Rated New Outperform at MedioBanca
* Savannah Resources Rated New Buy at Whitman Howard; PT 10 Pence
* Societa Cattolica di Assicurazioni Rated New Neutral at JPMorgan
* UniCredit Rated New Outperform at MainFirst; PT 22 Euros
* Worldline Rated New Buy at Berenberg; PT 51 Euros
>>> Call
>> Sector
* *EUROPEAN TOBACCO, OIL SERVICES, MEDIA CUT TO NEUTRAL AT SOCGEN
* *EUROPEAN FOOD AND STAPLES RETAIL CUT TO UNDERWEIGHT AT SOCGEN
* *EUROPEAN SEMIS, AEROSPACE AND DEFENCE RAISED TO NEUTRAL AT SG
* *EUROPEAN DIVERSIFIED FINANCIALS RAISED FROM UNDERWEIGHT TO OVERWEIGHT AT SOCGEN (Double)
*