>>> Up
* Acerinox Raised to Buy at Jefferies, PT EU15
* Airbus Raised to Neutral at BofAML, PT EU75
* Aker BP Raised to Equal-weight at Barclays, PT NOK175
* CMC Markets Raised to Overweight at Morgan Stanley
* K+S Raised to Neutral at MainFirst, PT EU21
* MTU Aero Raised to Neutral at BofAML, PT EU126
* MTU Aero Raised to Buy at HSBC, PT EU141
* Raiffeisen Raised to Equal-weight at Barclays, PT EU28.50
* Vivendi Raised to Equal-weight at Barclays, PT EU20
* Volvo Raised to Buy at DNB Markets, PT SEK155
>>> Down
* BioMerieux Cut to Neutral at Natixis
* Deutsche Boerse Cut to Equal-weight at Morgan Stanley
* Dixons Carphone Cut to Hold at Investec
* Flow Traders Cut to Equal-weight at Morgan Stanley
* Greene King Cut to Reduce at HSBC, PT GBP5.95
* J D Wetherspoon Cut to Hold at HSBC, PT GBP10.90
>>> Initiation
* DSM New Buy at HSBC, PT EU71
* Duke Royalty New Buy at Berenberg, PT 60p
* GrandVision New Equal-weight at Morgan Stanley, PT EU23.50
* Landis + Gyr New Buy at UBS, PT CHF90
* Marlowe New Buy at Berenberg, PT 500p
* Redde New Overweight at JPMorgan, PT 193p
>>> Call