>>> Up
*BNP Paribas Raised to Buy at Banco Sabadell, PT EU68
*Credit Agricole Raised to Reduce at AlphaValue
*Ferrari Raised to Buy at Citi, PT EU74
*Tesco Raised to Buy at Deutsche Bank, PT 240p
>>> Down
*Casino Guichard Cut to Hold at Deutsche Bank, PT EU54
*Gemalto Cut to Hold at HSBC, PT EU62
*Gemalto Cut to Neutral at JPMorgan, PT EU56
*Rallye Cut to Sell at Deutsche Bank, PT EU11
*Sainsbury Cut to Hold at Deutsche Bank, PT 300p
*Standard Chartered Cut to Hold at Berenberg, PT 725p
*Telefonica Deutschland Cut to Sell at Bankhaus Lampe, PT EU3.50
*Tullow Cut to Sector Perform at RBC, PT 275p
*Zurich Airport Cut to Reduce at Kepler Cheuvreux, PT CHF175
>>>Initiation
*Ascential Rated New Buy at Citi, PT 375p
*Castellum Reinstated Neutral at Goldman, PT SEK126
*Cranswick Rated New Buy at Berenberg, PT 2850p
*Genus Rated New Hold at Berenberg, PT 1800p
*Inmobiliaria Colonial Resumed Overweight at Morgan Stanley
*Luceco Rated New Buy at Berenberg, PT 235p
*Statoil Rated New Underperform at Macquarie