>>> Up
*AIR LIQUIDE RAISED TO NEUTRAL VS SELL AT UBS
*AKZO NOBEL RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*BANCO POPOLARE RAISED TO HOLD VS SELL AT BERENBERG
*CRH RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*CRODA RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*DEUTSCHE BOERSE RAISED TO OUTPERFORM AT MACQUARIE
*EDF RAISED TO BUY VS HOLD AT SOCGEN
*HUNTING RAISED TO OUTPERFORM VS NEUTRAL AT MACQUARIE
*LINDE RAISED TO NEUTRAL VS SELL AT UBS
*LUNDIN PETROLEUM RAISED TO BUY AT NORDEA
*SCA RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*SIEMENS RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*TDC RAISED TO HOLD AT NORDEA
*WOOD GROUP RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
>>> Down
*BRENNTAG CUT TO HOLD VS BUY AT DEUTSCHE BANK
*DUNELM CUT TO HOLD VS BUY AT CANACCORD
*ERICSSON CUT TO HOLD VS BUY AT DEUTSCHE BANK
*EVONIK CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*JUPITER FUND MANAGEMENT CUT TO SELL VS NEUTRAL AT CITI
*NOVARTIS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*RESTAURANT GROUP CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*RICARDO CUT TO HOLD VS BUY AT BERENBERG
*SAFRAN CUT TO SELL VS BUY AT INVESTEC
*VIRBAC CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*WOLSELEY CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
>>> PT Change
>>> Initiation
*AKER SOLUTIONS RATED NEW UNDERWEIGHT AT JPMORGAN, PT NOK23.3
*AMUNDI RATED NEW HOLD AT DEUTSCHE BANK; PT EU45.70
*CNH RATED NEW UNDERPERFORM AT CREDIT SUISSE
*IMPELLAM RATED NEW BUY AT INVESTEC, PT 950P
*PRUDENTIAL RATED NEW OUTPERFORM AT MACQUARIE; PT 1,536P
*SBM OFFSHORE RATED NEW NEUTRAL AT JPMORGAN, PT EU13.2
*SEADRILL RATED NEW UNDERWEIGHT AT JPMORGAN, PT NOK20.2
*TITAN CEMENT RATED NEW BUY AT BERENBERG, PT EU21
*VOLVO RATED NEW OUTPERFORM AT CREDIT SUISSE
>>> Call
>> Sector
*EUROPEAN TRANSPORT SECTOR CUT TO NEUTRAL VS POSITIVE: BARCLAYS