>>> Europe : Brokers Upgrades & Downgrades - 1st of March 2016

>>> Up
*ACCIONA RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*ATOS REITERATE BUY AT GOLDMAN (Note Attached)
*BANCO SANTANDER RAISED TO BUY AT HSBC
*ENI RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*INDITEX RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*INDRA RAISED TO HOLD VS SELL AT SOCGEN
*PANALPINA RAISED TO BUY VS NEUTRAL AT NOMURA
*PHILIPS RAISED TO HOLD AT HSBC
*REPSOL SA RAISED TO OVERWEIGHT AT BARCLAYS
*VALEO REITERATE BUY AT GOLDMAN (Note attached)

>>> Down
*CARLSBERG CUT TO SELL VS NEUTRAL AT UBS
*EIFFAGE CUT TO NEUTRAL AT GOLDMAN (Note attahced)
*ENGIE CUT TO REDUCE AT HSBC
*GENEL ENERGY CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
*GENEL ENERGY CUT TO MARKET PERFORM VS OUTPERFORM AT BMO
*HISCOX CUT TO SELL VS HOLD AT CANACCORD
*LEGRAND CUT TO HOLD AT HSBC
*NESTE CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*RANDGOLD CUT TO NEUTRAL AT BOFAML
*SALZGITTER CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*SUNEDISON INC CUT TO MARKET PERFORM AT OPPENHEIMER

>>> PT Change


>>> Initiation

>>> Call
>>Stock
*WIRECARD ADDED TO BANKHAUS LAMPE ALPHA LIST