>>> Up
*AIR FRANCE-KLM RAISED TO BUY VS NEUTRAL AT CITI
*ASTRAZENECA RAISED TO BUY VS NEUTRAL AT ODDO
*CARLSBERG RAISED TO OUTPERFORM AT RBC CAPITAL
*HANNOVER RE RAISED TO OUTPERFORM VS UNDERPERFORM AT MEDIOBANCA
*HOCHSCHILD MINING RAISED TO BUY VS NEUTRAL AT UBS
*JYSKE BANK RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*LAMPRELL RAISED TO HOLD AT HSBC
*MEKONOMEN RAISED TO BUY AT NORDEA
*MTU AERO RAISED TO BUY VS NEUTRAL AT GOLDMAN (Note Attached)
*RBS GROUP RAISED TO BUY VS NEUTRAL AT UBS
*SALLY BEAUTY RAISED TO OUTPERFORM AT OPPENHEIMER
*SCOR RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*TRYG RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*VODAFONE RAISED TO BUY VS HOLD AT JEFFERIES
*WOOD GROUP RAISED TO BUY AT HSBC
*ZURICH INSURANCE RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
>>> Down
*AKER SOLUTIONS ASA CUT TO HOLD AT HSBC
*AMEC FOSTER WHEELER PLC CUT TO HOLD AT HSBC
*CORE LABORATORIES N.V. CUT TO REDUCE AT HSBC
*DAIMLER CUT TO HOLD VS BUY AT HSBC
*DEUTSCHE POST DHL CUT TO UNDERPERFORM AT CREDIT SUISSE
*ELECTROMAGNETIC GEOSERVI CUT TO SELL AT NORDEA
*GJENSIDIGE CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*HALLIBURTON CUT TO HOLD AT HSBC
*QINETIQ CUT TO SELL VS NEUTRAL AT GOLDMAN
*MUNICH RE CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*NOVO NORDISK CUT TO NEUTRAL VS BUY AT ODDO
*SAMPO CUT TO UNDERPERFORM VS OUTPERFORM AT MEDIOBANCA
*SCHOELLER-BLECKMANN CUT TO REDUCE AT HSBC
*STRATASYS LTD CUT TO NEUTRAL AT JPMORGAN
*SUBSEA 7 CUT TO REDUCE AT HSBC
*THALES CUT TO NEUTRAL, OFF PAN-EUROPE CONVICTION LIST: GOLDMAN
*THYSSENKRUPP CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*WEIR GROUP CUT TO UNDERPERFORM VS HOLD AT JEFFERIES
>>> PT Change
>>> Initiation
*PGS RATED NEW BUY AT HSBC, PT NOK30
>>> Call