>>> Up
* DKSH Upgraded to Neutral at MainFirst; Price Target 62 Francs
* Norsk Hydro Upgraded to Buy at Pareto Securities; PT 40 Kroner
>>> Down
* Dialog Semi Downgraded to Hold at Bankhaus Lampe
* GEA Group Downgraded to Sell at AlphaValue
* Ryanair Downgraded to Reduce at HSBC; PT 9.40 Euros
>>> Initiation
* Hastings Rated New Sell at Panmure Gordon; PT 1.45 Pounds
* KPS AG Rated New Buy at Hauck & Aufhaeuser; PT 11 Euros
* Sabre Insurance Rated New Sell at Panmure Gordon; PT 2.20 Pounds
>>> Call
* DSV Top Freight Transport Pick on Synergy Scope: Morgan Stanley
* Dialog Semi Benefits Reflected, Has More Work To Do, Lampe Says