>>> Up
*Adidas Raised to Neutral at Citi
*Deutsche Bank Raised to Outperform at Macquarie, PT EU17.50
*LVMH Raised to Buy at Berenberg, PT EU230
*RBS Raised to Outperform at Macquarie, PT 270p
*SEB Raised to Outperform at Macquarie, PT SEK110
*Temenos Raised to Outperform at MainFirst, PT CHF95
*William Hill Raised to Neutral at UBS, PT 300p
>>> Down
*Centrica Cut to Neutral at UBS, PT 215p
*DNA Cut to Neutral at JPMorgan, PT EU12.30
*Endesa Cut to Neutral at Credit Suisse
*EON Cut to Hold at Jefferies, PT EU7.80
*Erste Cut to Equal-weight at Concorde Securities Rt, PT EU32
*Lloyds Cut to Neutral at Macquarie
*Neste Cut to Neutral at UBS, PT EU39
*Saras Cut to Neutral at UBS, PT EU1.90
>>> Initiation
*Deutsche Bank Resumed Underperform at MedioBanca, PT EU13.60
*Deutsche Bank Re-initiated Buy at Kepler Cheuvreux, PT EU17.50
>>> Call
>> Stock
*KBC ADDED TO TOP PICKS AMONG EUROPE BANKS AT DEUTSCHE BANK
>> Sector
*EUROPEAN BANKS RAISED TO OVERWEIGHT AT KEPLER CHEUVREUX