>>> Europe : Brokers Upgrades & Downgrades - 14th of April 2016

>>> Up
*ALSTOM RAISED TO BUY VS NEUTRAL AT UBS
*ATOS RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*IMAGINATION TECH RAISED TO EQUALWEIGHT VS UNDERWEIGHT: BARCLAYS
*JOHNSON MATTHEY RAISED TO OUTPERFORM AT CREDIT SUISSE
*SALZGITTER RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*TOD’S RAISED TO HOLD VS SELL AT SOCGEN

>>> Down
*PRADA CUT TO HOLD VS BUY AT HSBC
*SOFTWARE AG CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*TESCO CUT TO SELL VS HOLD AT SOCGEN

>>> PT Change


>>> Initiation
*ABN AMRO RATED NEW OUTPERFORM AT MACQUARIE; PT EU22
*GENMAB RATED NEW BUY AT CITI; PT DKK1,140
*METRO BANK RATED NEW OUTPERFORM AT RBC CAPITAL
*PREMIER FARNELL REINSTATED EQUALWEIGHT AT BARCLAYS, PT 125P

>>> Call
>> Stock
*UMICORE ADDED TO EUROPE FOCUS LIST AT CREDIT SUISSE