>>> Up
*ARYZTA RAISED TO BUY VS NEUTRAL AT GOLDMAN
*BOUYGUES RAISED TO BUY VS HOLD AT JEFFERIES
*HUGO BOSS RAISED TO OUTPERFORM AT RBC CAPITAL
*MITCHELLS & BUTLERS RAISED TO ADD VS HOLD AT NUMIS
*PREMIER OIL RAISED TO BUY VS ADD AT NUMIS
*TATE & LYLE RAISED TO NEUTRAL VS SELL AT GOLDMAN
>>> Down
*AUTOLIV CUT TO NEUTRAL VS BUY AT BOFA
*BANK OF IRELAND RAISED TO BUY VS NEUTRAL AT NOMURA
*BORDERS AND SOUTHERN CUT TO HOLD VS BUY AT NUMIS
*ENQUEST CUT TO ADD VS BUY AT NUMIS
*FAROE PETROLEUM CUT TO HOLD VS BUY AT NUMIS
*RENTOKIL CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*SAIPEM CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*SARTORIUS STEDIM BIOTECH CUT TO HOLD VS BUY AT SOCGEN
*STMICROELECTRONICS CUT TO NEUTRAL VS BUY AT CITI
*VALEO CUT TO UNDEPERFORM VS NEUTRAL AT BOFA
>>> PT Change
>>> Initiation
*AXIARE RATED NEW BUY AT CITI, PT EU13.90
*BENI STABILI RATED NEW NEUTRAL AT CITI, PT EU0.76
*BRITISH LAND RATED NEW BUY AT CITI, PT 1,096P
*CAIRN ENERGY RESUMED HOLD AT NUMIS, PT 175P
*CAPITAL & COUNTIES RATED NEW BUY AT CITI, PT 591P
*DEUTSCHE ANNINGTON RATED NEW BUY AT CITI, PT EU33.6
*DEUTSCHE WOHNEN RATED NEW BUY AT CITI, PT EU29.7
*DERWENT LONDON RATED NEW BUY AT CITI, PT 4,710P
*FONCIERE DES REGIONS RATED NEW NEUTRAL AT CITI, PT EU87.80
*GECINA RATED NEW NEUTRAL AT CITI, PT EU126
*GRAND CITY PROPERTIES RATED NEW BUY AT CITI, PT EU20.5
*GREAT PORTLAND ESTATES RATED NEW BUY AT CITI, PT 1,038P
*HAMMERSON RATED NEW BUY AT CITI, PT 800P
*ICADE RATED NEW BUY AT CITI, PT EU83.90
*INTU PROPERTIES RATED NEW BUY AT CITI, PT 395P
*KLEPIERRE RATED NEW SELL AT CITI, PT EU36.90
*LAND SECURITIES RATED NEW BUY AT CITI, PT 1,596P
*MERLIN ENTERTAINMENTS RATED NEW NEUTRAL AT UBS, PT 485P
*NATIXIS REINSTATED NEUTRAL AT CREDIT SUISSE, PT EU7.68
*QUINTAIN RATED NEW BUY AT CITI, PT 160P
*SEGRO RATED NEW BUY AT CITI, PT 524P
*SHAFTESBURY RATED NEW BUY AT CITI, PT 1,169P
*UNIBAIL-RODAMCO RATED NEW SELL AT CITI, PT EU200.3
>>> Call