>>> Up
*Alimak Raised to Buy at SEB Equities, PT SEK133
*Glencore Raised to Buy at Goldman
*Victoria Raised to Buy at Finncap, PT GBP5
>>> Down
*Accor Cut to Add at AlphaValue
*Autoliv Cut to Sell at ABG Sundal, PT SEK850
*Geberit Cut to Hold at Kepler Cheuvreux, PT CHF450
*Salvatore Ferragamo Cut to Hold at Kepler Cheuvreux, PT EU29
*Salvatore Ferragamo Cut to Neutral at MainFirst, PT EU28.50
>>> Initiation
*3i Infrastructure Rated New Neutral at Macquarie, PT 202p
*ABN Amro Rated New Outperform at MainFirst, PT EU29
*BNP Paribas Rated New Neutral at MainFirst, PT EU62
*Centamin Rated New Outperform at BMO, PT GBP2
*Credit Agricole Rated New Neutral at MainFirst, PT EU12.50
*ING Rated New Outperform at MainFirst, PT EU16
*KBC Rated New Neutral at MainFirst, PT EU62
*Natixis Rated New Neutral at MainFirst, PT EU5.40
*SocGen Rated New Neutral at MainFirst, PT EU49