>>> Up
*Alpha Bank Raised to Buy at Citi
*Bouygues Raised to Neutral at Goldman, PT EU35.50
*Bouygues Raised to Outperform at Credit Suisse
*Eurocommercial Properties Raised to Buy at HSBC
*Informa Raised to Neutral at Citi
*Klepierre Raised to Buy at HSBC
*Randgold Raised to Neutral at Citi
*UBM Raised to Buy at Citi
*Wolters Kluwer Raised to Outperform at Credit Suisse
>>> Down
*Pearson Cut to Underperform at Credit Suisse
*Tenaris Cut to Underperform at Macquarie
*UBM Cut to Neutral at Credit Suisse
*Vallourec Cut to Underperform at Macquarie
>>> PT Change
>>> Initiation
*Bollore Rated New Buy at HSBC, PT EU4.10
*Ferrari Rated New Buy at Berenberg, PT EU65
*Fiat Rated New Hold at Berenberg, PT EU7.70
*Iliad Reinstated Neutral at Goldman, PT EU210
*Informa Rated New Neutral at Credit Suisse, PT 700p
*Michelin Rated New Sell at Berenberg, PT EU80
*Nokian Renkaat Rated New Buy at Berenberg, PT EU39
*Peugeot Re-initiated Sell at Berenberg, PT EU11.50
*Publicis Rated New Underperform at Credit Suisse, PT EU63
*Renault Re-initiated Hold at Berenberg, PT EU75
*Sky Rated New Outperform at Credit Suisse, PT 980p
*Valeo Rated New Hold at Berenberg, PT EU50
*WPP Rated New Outperform at Credit Suisse, PT 2000p
>>> Call