>>> Up
*AB INBEV RAISED TO BUY VS HOLD AT BERENBERG
*BAE SYSTEMS RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*HHLA RAISED TO NEUTRAL VS REDUCE AT NOMURA
*ICAP RAISED TO HOLD VS SELL AT LIBERUM
*LEONTEQ REINITIATED AT BUY AT BERENBERG; PT CHF247
*ONTEX RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*TELENOR RAISED TO BUY VS HOLD AT NORDEA
>>> Down
*BREMBO CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*DEUTSCHE BANK CUT TO NEUTRAL VS BUY AT CITI
*EUROFINS SCIENTIFIC CUT TO REDUCE VS HOLD AT HSBC
*FERRAGAMO CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*IMI CUT TO ’HOLD’ AT SOCIETE GENERALE
*IMI CUT TO UNDERPERFORM AT RBC CAPITAL
*SABMILLER CUT TO HOLD VS BUY AT BERENBERG
*SPIRE HEALTHCARE CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*VERBUND CUT TO SELL VS HOLD AT BERENBERG
*WILLIAM DEMANT CUT TO HOLD VS BUY AT NORDEA
>>> PT Change
>>> initiation
*ALPHA BANK RATED NEW BUY AT HSBC; PT EU0.137
*COVESTRO RATED NEW OUTPERFORM AT CREDIT SUISSE; PT EU34
*PIRAEUS RATED NEW HOLD AT HSBC; PT EU0.061
>>> Call