>>> Up
*ARKEMA RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*AXEL SPRINGER RAISED TO NEUTRAL AT GOLDMAN
*BUZZI UNICEM RAISED TO BUY AT HSBC
*HEIDELBERGCEMENT RAISED TO BUY AT HSBC
*ITALCEMENTI RAISED TO BUY AT HSBC
*MONTE PASCHI RAISED TO HOLD AT HSBC
*PSP SWISS PROPERTY RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*SYNTHOMER RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*TELECOM ITALIA RAISED TO BUY AT JEFFERIES
*URBAN & CIVIC RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
>>> Down
*AIR LIQUIDE CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*ALLIED MINDS CUT TO ADD VS BUY AT NUMIS
*AMARA MINING CUT TO MARKET PERFORM AT BMO CAPITAL
*GENERALI CUT TO NEUTRAL VS OUTPERFORM AT MAINFIRST
*HOMESERVE CUT TO NEUTRAL VS BUY AT UBS
*SHAWBROOK GROUP CUT TO NEUTRAL AT GOLDMAN
*TLG IMMOBILIEN CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*VESTAS WIND SYSTEMS CUT TO SELL VS NEUTRAL AT CITI
>>> Initiate
*ELIOR RATED NEW BUY AT NOMURA; PT EU20.75
*SERCO GROUP REINITIATED HOLD AT HSBC, PT 140P
>>> PT Change
>>> Call
>> Stock
*AGEAS ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*BAT ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*FIRSTGROUP ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*GREENE KING ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*HYDRO ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*LAMPRELL REPLACES PLEXUS IN NUMIS TOP PICKS PORTFOLIO
*LLOYDS BANKING ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*MUNICH RE EXITS JPMORGAN EUROPEAN ANALYST FOCUS LIST
*RIO TINTO EXITS JPMORGAN EUROPEAN ANALYST FOCUS LIST
*SCA ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*TALKTALK REMOVED FROM JPMORGAN EUROPEAN ANALYST FOCUS LIST
*TUI AG UK ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST
*VINCI ADDED TO JPMORGAN EUROPEAN ANALYST FOCUS LIST