>>> Up
*DELTA LLOYD UPPED TO EQUALWEIGHT VS UNDERWEIGHT: MORGAN STANLEY
*GEA GROUP RAISED TO BUY VS HOLD AT HSBC
*MERCK KGAA RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*WILLIAM HILL RAISED TO BUY VS HOLD AT NUMIS
>>> Down
*BOVIS HOMES CUT TO HOLD VS BUY AT LIBERUM
*RWE CUT TO SELL VS HOLD AT SOCGEN
>>> PT Change
>>> Initiation
*ALTICE RATED NEW BUY AT HSBC, PT EU40.50
*CASSIOPEA RATED NEW BUY AT JEFFERIES; PT CHF60
*MERLIN PROPERTIES RESUMED OVERWEIGHT AT MORGAN STANLEY
>>> Call