>>> Up
*BANK PEKAO RAISED TO NEUTRAL VS SELL AT CITI
*DNO ASA RAISED TO NEUTRAL AT JPMORGAN
*FORWARD AIR RAISED TO OUTPERFORM AT RBC CAPITAL
*IMPERIAL BRANDS RAISED TO OVERWEIGHT FROM EQUALWEIGHT AT BARCLAYS
*ING RAISED TO BUY VS NEUTRAL AT GOLDMAN
*KBC GROEP RAISED TO BUY VS NEUTRAL AT GOLDMAN
*OPHIR ENERGY RAISED TO OVERWEIGHT AT JPMORGAN
*PETROBRAS RAISED TO NEUTRAL AT JPMORGAN
*RYANAIR REITERATE OVERWEIGHT AT CREDIT SUISSE, PT €16.90
*PKO BP RAISED TO NEUTRAL VS SELL AT CITI
*VW RAISED TO HOLD AT BAADER-HELVEA
>>> Down
*BAYER CUT TO HOLD VS BUY AT LIBERUM
*CEMBRA CUT TO UNDERPERFORM VS NEUTRAL AT BOFAML
*IMMOFINANZ CUT TO SELL AT SOCIETE GENERALE
*RICHEMONT CUT TO MARKET PERFORM AT BERNSTEIN
*SALINI IMPREGILO CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*SAMPO CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
>>> PT Change
*PERNOD RICARD PT RAISED FROM €107 to €108 AT CREDIT SUISSE
>>> Initiation
*ABN AMRO RATED NEW NEUTRAL AT GOLDMAN
*FRESENIUS REINSTATED AT BUY AT BOFAML; PT EU72
*FRESENIUS MEDICAL CARE REINSTATED AT BUY AT BOFAML; PT EU94
*HANNOVER RE RATED NEW NEUTRAL AT UBS; PT EU97
*MCDERMOTT INTL RATED NEW NEUTRAL AT STERNE AGEE CRT
*METRO ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*METRO ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*RWE ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*SCOR RATED NEW BUY AT UBS; PT EU32
*VAT RATED NEW NEUTRAL AT UBS; PT CHF53
*WOLTERS KLUWER ENTERS TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
>>> Call
>> Stock
*RECKITT BENCKISER REMOVED FROM EUROPE 1 LIST AT BOFAML
*SUEDZUCKER REMOVED FROM CONVICTION LIST AT GOLDMAN, STILL BUY
*TOFAS ADDED TO EMERGING EMEA 1 LIST AT BOFAML