>>> Up
*AVEVA RAISED TO BUY VS HOLD AT BERENBERG
*DEUTSCHE TELEKOM RAISED TO CONVICITON BUY VS NEUTRAL AT GOLDMAN
*LVMH RAISED TO BUY VS NEUTRAL AT NOMURA, PT EU200
*OUTOKUMPU RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*SKW STAHL-METALLURGIE RAISED TO HOLD AT BAADER-HELVEA
*TDC RAISED TO CONVICTION BUY AT GOLDMAN
>>> Down
*ABERTIS CUT TO REDUCE VS NEUTRAL AT NOMURA
*EUROFINS SCIENTIFIC CUT TO HOLD AT JEFFERIES
*EUTELSAT CUT TO SELL VS NEUTRAL AT GOLDMAN
*GAZPROM CUT TO REDUCE VS HOLD AT HSBC
*GIVAUDAN CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SAINT GOBAIN CUT TO SELL VS NEUTRAL AT UBS
*SES CUT TO SELL VS NEUTRAL AT GOLDMAN
*SKF CUT TO NEUTRAL VS BUY AT NOMURA
>>> PT Change
>>> Initiation
*CONTINENTAL RATED NEW OVERWEIGHT AT MORGAN STANLEY
*MICHELIN RATED NEW EQUAL-WEIGHT AT MORGAN STANLEY
*NOKIAN RENKAAT RATED NEW EQUAL-WEIGHT AT MORGAN STANLEY
*OCADO INITIATED OUTPERFORM AT MACQUARIE, PT 410P
*TOWER SEMICONDUCTOR RATED NEW BUY AT DREXEL HAMILTON, PT $28
>>> Call
>> Stock
*DEUTSCHE TELEKOM RAISED TO CONVICITON BUY VS NEUTRAL AT GOLDMAN
*METRO ADDED TO BANKHAUS LAMPE’S ALPHA LIST, VONOVIA REMOVED
*UNITED INTERNET EXITS GOLDMAN CONVICTION BUY LIST, STAYS BUY