>>> Up
*ADECCO RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*BARCLAYS RAISED TO BUY VS HOLD AT INVESTEC
*BELLWAY RAISED TO ADD VS HOLD AT PEEL HUNT
*BNP PARIBAS RAISED TO NEUTRAL AT JPMORGAN
*COMPUTACENTER RAISED TO BUY VS NEUTRAL AT UBS
*IAG RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE note attached
*SSAB RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE note attached
*SKANDINAVISK TOBAKSKOMPA RAISED TO OVERWEIGHT AT JPMORGAN
>>> Down
*SALZGITTER CUT TO NEUTRAL VS OVERWEIGHT AT CREDIT SUISSE
*SWEDISH MATCH CUT TO NEUTRAL AT JPMORGAN
>>> PT Change
>>> Initiation
*AXTEL RATED NEW UNDERWEIGHT AT BARCLAYS
*DCC RATED NEW BUY AT STIFEL
>>> Call
>> Country
*BRAZIL EQUITIES RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC note attached
*TURKEY EQUITIES CUT TO NEUTRAL VS OVERWEIGHT AT HSBC note attached