>>> Up
*Evonik Raised to Buy at Baader-Helvea, PT EU41
*Gjensidige Raised to Neutral at Credit Suisse
*Hanover Raised to Market Perform at KBW, PT $81
*LISI Raised to Buy at Natixis
*TalkTalk Raised to Outperform at RBC, PT 225p
*Telefonica Raised to Buy at Goldman, PT EU11.60
*Tryg Raised to Outperform at Credit Suisse
>>> Down
*ABN Amro Cut to Equal-weight at Morgan Stanley, PT EU26.50
*Generali Cut to Neutral at MedioBanca, PT EU16
*Mail.ru Group Cut to Underweight at JPMorgan, PT $22.50
*Moncler Cut to Hold at HSBC, PT EU23
*Saras Cut to Neutral at Macquarie
*Schneider Cut to Equal-weight at Morgan Stanley
*Scor Cut to Reduce at Kepler Cheuvreux, PT EU34.50
*SKF Cut to Underweight at Morgan Stanley
*Unipol Cut to Neutral at MedioBanca
*Victrex Cut to Market Perform at Bernstein, PT 2,160p
>>> Initiation
*Centamin New Outperform at Exane, PT 210p
*Fresnillo New Neutral at Exane, PT GBP15
*Galenica Sante New Neutral at Citi, PT CHF45
*Galenica Sante New Buy at Deutsche Bank, PT CHF50
*Gulf Keystone Petroleum New Buy at Peel Hunt, PT 250p
*RAI Way New Equal-weight at Morgan Stanley, PT EU4.70
*Randgold New Outperform at Exane, PT 8,100p