>>> Europe : Brokers Upgrades & Downgrades - 15th of June 2016

>>> Up
*ANDRITZ RAISED TO BUY AT HSBC
*DANONE RAISED TO NEUTRAL VS REDUCE AT ODDO
*GEMALTO RAISED TO NEUTRAL VS SELL AT GOLDMAN
*GO-AHEAD GROUP RAISED TO OVERWEIGHT AT JPMORGAN
*PERNOD RICARD ADDED TO CONVICTION LIST AT GOLDMAN
*SHELL RAISED TO MARKET PERFORM VS UNDERPERFORM AT BMO

>>> Down
*BRICORAMA CUT TO ADD VS BUY AT ALPHAVALUE
*LONMIN CUT TO SELL VS NEUTRAL AT UBS
*MARKETO CUT TO MARKET PERFORM AT JMP SECURITIES
*SCANA CUT TO UNDERWEIGHT/IN-LINE AT MORGAN STANLEY
*STADA CUT TO UNDERPERFORM AT JEFFERIES

>>> PT Change


>>> Initiation
*LUXOTTICA RATED NEW OUTPERFORM AT CREDIT SUISSE, PT EU52
*WACKER CHEMIE RATED NEW BUY AT BERENBERG, PT EU98
*WOOD GROUP RATED NEW BUY AT JEFFERIES

>>> Call
>> Stock
*PERNOD RICARD ADDED TO CONVICTION LIST AT GOLDMAN