>>> Europe : Brokers Upgrades & Downgrades - 20th of September 2

>>> Up
*ADVANCED MICRO DEVICES RAISED TO MARKET PERFORM AT BERNSTEIN
*ANGLO AMERICAN RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*BHP RAISED TO OUTPERFORM FROM NEUTRAL AT MACQUARIE
*COFACE RAISED TO BUY AT KEPLER CHEUVREUX
*KIRBY RAISED TO OUTPERFORM AT RBC
*LEG IMMOBILIEN RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*NESTLE RAISED TO OUTPERFORM AT MAINFIRST
*NYRSTAR RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*SEGRO RAISED TO BUY VS NEUTRAL AT UBS
*SOUTH32 RAISED TO OUTPERFORM VS UNDERPERFORM AT MACQUARIE
*STOREBRAND RAISED TO BUY FROM HOLD AT SEB
*UNICREDIT RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*VAT RAISED TO BUY VS NEUTRAL AT UBS
*VOESTALPINE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*VIDRALA RAISED TO BUY AT SANTANDER

>>> Dow
*ALFA LAVAL CUT TO UNDERPERFORM AT CREDIT SUISSE
*BARRATT DEVELOPMENTS CUT TO NEUTRAL VS BUY AT UBS
*BOVIS HOMES CUT TO NEUTRAL VS BUY AT UBS
*HEIDELBERGCEMENT CUT TO HOLD VS BUY AT DEUTSCHE BANK
*METSO CUT TO NEUTRAL AT CREDIT SUISSE
*PETRA DIAMONDS CUT TO NEUTRAL VS BUY AT CITI
*SANDVIK CUT TO UNDERPERFORM AT CREDIT SUISSE
*SUEDZUCKER CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*UNILEVER CUT TO NEUTRAL VS OUTPERFORM AT MAINFIRST
*ZURICH INSURANCE CUT TO SELL VS HOLD AT BANKHAUS LAMPE

>>> PT Change


>>> Initiation
*ABERTIS RATED NEW BUY AT CITI, PT EU17.2
*ASOS RATED NEW OUTPERFORM AT MACQUARIE; PT 5,700P
*CRODA RATED NEW OUTPERFORM AT BERNSTEIN
*DSM RATED NEW UNDERPERFORM AT BERNSTEIN, PT EU51
*IMI RATED NEW NEUTRAL AT CREDIT SUISSE
*NOVARTIS RATED NEW BUY AT CHARDAN CAPITAL MARKETS
*PLY GEM HOLDINGS RATED NEW OUTPERFORM AT RBC
*ROTORK RATED NEW OUTPERFORM AT CREDIT SUISSE
*WEIR RATED NEW OUTPERFORM AT CREDIT SUISSE
*ZALANDO RATED NEW OUTPERFORM AT MACQUARIE; PT EU50

>>> Call