>>> Up
*A2A RAISED TO NEUTRAL AT MACQUARIE
*AEGON RAISED TO BUY VS HOLD AT ING, PT EU6.40 VS EU6.80
*AHOLD RAISED TO BUY VS HOLD AT JEFFERIES
*ALDERMORE RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*ATLANTIA RAISED TO BUY AT DEUTSCHE BANK
*BNP ADDED TON CONVICTION BUY LIST AT GOLDMAN
*CREDIT AGRICOLE RAISED TO NEUTRAL VS SELL AT GOLDMAN
*ELECTROLUX B RAISED TO BUY VS SELL AT UBS
*FAURECIA RAISED TO BUY VS REDUCE AT NOMURA
*NATIXIS RAISED TO NEUTRAL VS SELL AT GOLDMAN (YESTERDAY)
*SDL RAISED TO BUY VS NEUTRAL AT CITI
*STELLUS CAPITAL RAISED TO OUTPERFORM VS NEUTRAL AT BAIRD
>>> Down
*A2A CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*EOS IMAGING CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*JLT GROUP CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*PARKER-HANNIFIN CUT TO HOLD VS BUY AT JEFFERIES
*QINETIQ CUT TO SELL VS HOLD AT BERENBERG
*TAG IMMOBILIEN CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*TIMKEN CUT TO HOLD VS BUY AT JEFFERIES
>>> PT Change
*VIVENDI PT REDUCED FROM 20.70 TO 20.40 AT NOMURA
>>> Initiation
*BMW RATED NEW SELL AT CITI; PT EU72.50
*CAIXABANK RESUMED NEUTRAL AT GOLDMAN, PT EU4 (YESTERDAY)
*DAIMLER RATED NEW BUY AT CITI; PT EU85
*EUSKALTEL RATED NEW BUY AT CITI; PT EU13
*FERRARI RATED NEW NEUTRAL AT CITI; PT EU37
*FCA RATED NEW NEUTRAL AT CITI; PT EU7
*ONESAVINGS BANK RATED NEW UNDERPERFORM AT CREDIT SUISSE
*RENAULT RATED NEW BUY AT CITI; PT EU92
*SCAPA RATED NEW BUY AT BERENBERG, PT 260P
*SHAWBROOK RATED NEW OUTPERFORM AT CREDIT SUISSE
*SYNTHOMER RATED NEW UNDERPERFORM AT CREDIT SUISSE, PT 260P
*VIRGIN MONEY RATED NEW NEUTRAL AT CREDIT SUISSE
*VOLKSWAGEN ORDS, PREFS RATED NEW BUY AT CITI
>>> Call
>> Sector
*EUROPEAN AUTOS & AUTO PARTS SECTOR CUT TO NEUTRAL AT NOMURA
*EUROPEAN GENERAL RETAIL SECTOR RAISED TO NEUTRAL AT BARCLAYS