>>> Up
*EasyJet Raised to Hold at Kepler Cheuvreux, PT 1053p
*Julius Baer Raised to Buy at Goldman, PT CHF62
*Mitie Raised to Sector Perform at RBC, PT 210p
*Orange Raised to Buy at HSBC
*Subsea 7 Raised to Outperform at Macquarie, PT NOK130
>>> Down
*Adecco Cut to Sector Perform at RBC, PT CHF73
*Alfa Laval Cut to Hold at ABG Sundal, PT SEK155
*Axa Cut to Hold at Bankhaus Lampe, PT EU26
*Cargotec Cut to Hold at ABG Sundal, PT EU45
*Cementir Holding Cut to Hold at Kepler Cheuvreux, PT EU4.50
*Cobham Cut to Sell at Goldman
*DIPLOMA Cut to Sector Perform at RBC, PT 1020p
*Generali Cut to Sell at Deutsche Bank
*Givaudan Cut to Underperform at Main First Bank AG, PT CHF1910
*ING Cut to Neutral at Goldman, PT EU16
*Novartis Cut to Hold at Berenberg
*Randstad Cut to Sector Perform at RBC, PT EU56
*RBS Cut to Neutral at Goldman
*Saipem Cut to Underperform at Macquarie, PT EU0.45
*Scor Cut to Neutral at UBS, PT EU33
*Storebrand Cut to Accumulate at Handelsbanken, PT NOK55
*Swisscom Cut to Sell at Berenberg, PT CHF380
*Swiss Re Cut to Sell at UBS, PT CHF85
*Technip Cut to Neutral at Macquarie, PT EU70
*Vicat Cut to Hold at SocGen, PT EU62
*Vodafone Cut to Hold at HSBC
*Wolseley Cut to Sector Perform at RBC, PT 5000p
>>> PT Change
>>> Initiation
*AMS Rated New Outperform at Credit Suisse, PT CHF44
>>> Call
>> Stock
*AP Moller-Maersk Remove from Conviction Call, Still Buy
*ING GROEP REMOVED FROM BUY LIST AT GOLDMAN, RATED NEUTRAL
>> Call
* Long Allianz, Short Generali, Deutsche Bank Says
>> Sector
*Utilities Set for Return to Growth, ‘Game Changing M&A,’ Goldman