>>> Up
*BANKIA RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX
*CARNIVAL RAISED TO HOLD VS UNDERPERFORM AT JEFFERIES
*FCC RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX
*INDRA SISTEMAS RAISED TO BUY VS HOLD AT BERENBERG
*RELX RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*RICHEMONT RAISED TO BUY AT RENAISSANCE CAPITAL
*SKY RAISED TO BUY AT DEUTSCHE BANK
>>> Down
*DIA CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*GENEL ENERGY CUT TO SPECULATIVE BUY VS OUTPERFORM: FIRSTENERGY
*LADBROKES CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*PEARSON CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*RWE CUT TO SELL VS NEUTRAL AT UBS
*SUBSEA 7 CUT TO REDUCE VS HOLD AT HSBC
*WILLIAM HILL CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
>>> PT Change
>>> Initiation
*HISCOX ASSUMED AT UNDERPERFORM AT CREDIT SUISSE
*STAFFLINE RATED NEW BUY AT BERENBERG, PT 1,675P
>>> call