>>> Up
*IMPERIAL BRANDS RAISED TO SECTORPERFORM VS UNDERPERFORM AT RBC
*MERLIN PROPERTIES RAISED TO OUTPERFORM AT CREDIT SUISSE
*NORMA GROUP RAISED TO BUY VS HOLD AT BERENBERG
*PHILIP MORRIS RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*SONOVA RAISED TO HOLD VS REDUCE AT HSBC
*UNITED INTERNET RAISED TO NEUTRAL AT CITI
>>> Down
*GAM HOLDING CUT TO UNDERPERFORM AT RBC CAPITAL
*HUGO BOSS CUT TO NEUTRAL VS OUTPERFORM AT MAINFIRST
*LEG CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*SHAFTESBURY CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*TECHNIP CUT TO UNDERWEIGHT VS EQUAL WEIGHT AT BARCLAYS
*WILLIAM DEMANT CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
>>> PT Change
>>> Initiation
*AUTOLIV RATED NEW HOLD AT BERENBERG, PT $109
*HELLA RATED NEW BUY AT BERENBERG, PT EU40
*HUGO BOSS RATED NEW BUY AT BERENBERG, PT EU65
*MERCK KGAA RATED NEW BUY AT BANKHAUS LAMPE, PT EU102
*MONOGRAM RESIDENTIAL RATED NEW OUTPERFORM AT AT BMO CAPITAL
*OCADO RATED NEW SELL AT SOCGEN, PT 193P
*PARETO BANK RATED NEW BUY AT DNB
*SPIE RATED NEW NEUTRAL AT ODDO
>>> Call