>>> Europe : Brokers Upgrades & Downgrades - 15th of February 2

>>> Up
*BBVA Raised to Overweight at JPMorgan, PT EU6.75
*Evonik Raised to Outperform at Main First Bank AG, PT EU35
*Siemens Raised to Outperform at Exane, PT EU135
*Tarkett Raised to Overweight at JPMorgan, PT EU45

>>> Down
*DKSH Cut to Neutral at UBS, PT CHF87
*Ladbrokes Coral Group Cut to Reduce at HSBC
*Leifheit Cut to Hold at Berenberg
*Paddy Power Cut to Hold at HSBC
*William Hill Cut to Reduce at HSBC

>>> PT Change

>>> Initiation
*Carillion Rated New Sell at Canaccord, PT 200p
*Costain Group Rated New Buy at Canaccord, PT 450p
*Galliford Try Rated New Hold at Canaccord, PT 1520p
*Gym Group Rated New Sell at N+1 Singer, PT 145p
*Interserve Rated New Hold at Canaccord, PT 350p
*KIER Rated New Buy at Canaccord, PT 1600p

>> Call
*SIEMENS ADDED TO FOCUS LIST EUROPE AT CITI