>>> Up
*BANCO POPULAR RAISED TO BUY AT HSBC
*BANCO SABADELL RAISED TO BUY AT HSBC
*BANKIA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*DEUTSCHE BANK RAISED TO BUY VS NEUTRAL AT NOMURA
*GKN RAISED TO OUTPERFORM AT RBC CAPITAL
*JCDECAUX RAISED TO BUY VS HOLD AT BERENBERG
*OCADO RAISED TO HOLD VS SELL AT DEUTSCHE BANK
*SABMILLER RAISED TO SECTOR PERFORM AT RBC CAPITAL
*SAMPO RAISED TO NEUTRAL VS SELL AT GOLDMAN SACHS
*SERCO RAISED TO HOLD VS SELL AT BERENBERG
*TRYG RAISED TO BUY VS NEUTRAL AT GOLDMAN SACHS
*TURK TELEKOM RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
>>> Down
*DEUTZ CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*HUNTING CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*KUKA CUT TO NEUTRAL VS BUY AT CITI
*RALLYE CUT TO REDUCE VS HOLD AT HSBC
*REPSOL CUT TO REDUCE VS NEUTRAL AT ODDO
*SOLOCAL CUT TO NEUTRAL VS BUY AT ODDO
*SSE CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*SWISSCOM CUT TO TO UNDERWEIGHT VS EQUALWEIGHT: MORGAN STANLEY
*UBS CUT TO NEUTRAL VS BUY AT NOMURA
>>> PT change
*BANCA POP. MILANO RATED NEW HOLD AT BERENBERG, PT EU0.83
*BANCO POPOLARE RATED NEW SELL AT BERENBERG, PT EU12
*CREDITO EMILIANO RATED NEW HOLD AT BERENBERG, PT EU6.80
*MONTE PASCHI RATED NEW SELL AT BERENBERG, PT EU1.10
*OCADO RATED NEW OVERWEIGHT AT MORGAN STANLEY
*UBI BANCA RATED NEW SELL AT BERENBERG, PT EU5.30
>>> Initiation
*OCADO RATED NEW OVERWEIGHT AT MORGAN STANLEY; PT 420P
>>> Call