>>> Up
*DIAGEO RAISED TO OVERWEIGHT AT JPMORGAN
*ICAP RAISED TO BUY VS NEUTRAL AT CITI
*IMI RAISED TO BUY VS REDUCE AT NOMURA
*MR PRICE RAISED TO BUY VS HOLD AT HSBC
*NN GROUP RAISED TO NEUTRAL VS UNDERPERFORM AT BOFA
*SODEXO RAISED TO NEUTRAL VS SELL AT GOLDMAN (Note attached)
>>> Down
*ALSTOM CUT TO NEUTRAL VS BUY AT UBS
*CGG CUT TO HOLD VS BUY AT SOCGEN
*COUNTRYWIDE CUT TO NEUTRAL VS BUY AT CITI
*GRIFOLS B SHARES CUT TO HOLD VS BUY AT BERENBERG
*JIMMY CHOO CUT TO NEUTRAL VS BUY AT BOFA
*K+S CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*KORIAN CUT TO HOLD VS BUY AT HSBC
*MLP CUT TO HOLD FROM BUY AT BANKHAUS LAMPE; PT CUT 20% TO EU4
*SOUTH32 CUT TO NEUTRAL VS BUY AT UBS
*UNICREDIT CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*VEDANTA CUT TO NEUTRAL VS BUY AT UBS
*ZODIAC AEROSPACE CUT TO SELL VS HOLD AT SOCGEN
>>> PT change
*AIR FRANCE PT RAISED FROM €7.35 to €8.30 AT GOLDMAN (Note aattached)
*IAG PT RAISED FROM 755p TO 775p AT GOLDMAN
*LUFTHANSA PT RAISED FROM €10.5 TO €14.60 AT GOLDMAN
*SWATCH GROUP PT CUT FROM CHF480 TO CHF450 AT CREDIT SUISSE (Note attached)
>>> Initiation
*PETROLEUM GEO-SERVICES RATED NEW BUY AT SOCGEN; PT NOK50
>>> Call