>>> Europe : Brokers Upgrades & Downgrades - 14th of June 2015

>>> Up
*C&C GROUP RAISED TO BUY AT SOCIETE GENERALE
*GREENKO GROUP RAISED TO BUY AT CANTOR FITZGERALD
*SMA SOLAR RAISED TO HOLD VS REDUCE AT HSBC
*TECNICAS REUNIDAS RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN

>>> Down
*BOUYGUES CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*GREENKO GROUP RAISED TO BUY AT CANTOR FITZGERALD
*LAMPRELL CUT TO REDUCE VS HOLD AT HSBC
*OXFORD INSTRUMENTS CUT TO NEUTRAL VS BUY AT UBS
*POP. EMILIA CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*POP. MILANO CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*SURGUTNEFTEGAS PREFS CUT TO UNDERWEIGHT AT BARCLAYS

>>> PT Change


>>> Initiation
*CENTRICA RATED NEW BUY AT JEFFERIES
*GEBERIT RATED NEW BUY AT SOCGEN; PT CHF420
*REFRESCO GERBER RATED NEW BUY AT SOCGEN; PT EU18.8

>>> Call