>>> Up
*ASML Raised to Buy at Citi
*Dialog Semi Raised to Outperform at MainFirst, PT EU50
*EasyJet Raised to Neutral at Davy
*Lagardere Raised to Add at AlphaValue, PT EU30.40
*Orange Belgium Raised to Buy at HSBC
>>> Down
*Anadarko Cut to Underweight at Barclays, PT $42
*Gerresheimer Cut to Hold at Bankhaus Lampe
*Halma Cut to Hold at HSBC
*LEG Immobilien Cut to Underweight at Morgan Stanley, PT EU84 (From Buy)
*Micro Focus Cut to Neutral at Citi
*NMC Health Cut to Hold at Jefferies, PT 2,450p
*Outokumpu Cut to Neutral at Credit Suisse
*Outokumpu Cut to Hold at Jefferies, PT EU7.50
*Proximus Cut to Hold at HSBC
*Raiffeisen Cut to Underweight at Barclays, PT EU22
*Telenet Cut to Hold at HSBC, PT EU59
*Tryg Cut to Neutral at MedioBanca, PT DKK154
>>> Initiation
*Hapag-Lloyd New Buy at Jefferies, PT EU35
*NN New Outperform at Credit Suisse
*SocGen New Buy at Spin-Off Research, PT EU54
>>> Call
>> Sector
*EUROPEAN PHARMACEUTICALS SECTOR CUT TO NEUTRAL AT LIBERUM