>>> Up
*DEUTSCHE WOHNEN RAISED TO BUY AT KEPLER CHEUVREUX
*GLAXOSMITHKLINE RAISED TO HOLD VS SELL AT LIBERUM
*K+S RAISED TO BUY VS SELL AT BAADER-HELVEA
*MAERSK RAISED TO BUY VS NEUTRAL AT CITI
*MEGGITT RAISED TO NEUTRAL FROM SELL AT UBS
*SWEDBANK RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
>>> Down
*ARM HOLDINGS CUT TO UNDERPERFORM AT BERNSTEIN
*DNB ASA CUT TO EQUALWEIGHT AT BARCLAYS
*PETROFAC CUT TO SELL VS HOLD AT DEUTSCHE BANK
*QINETIQ CUT TO SELL VS NEUTRAL AT UBS
*SWATCH GROUP CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
>>> PT change
>>> Initiation
*ACTELION RATED NEW HOLD AT HSBC, PT CHF150
*ASTRAZENECA RATED NEW HOLD AT HSBC, PT 4,640P
*BAYER RATED NEW BUY AT HSBC, PT EU161
*GLAXOSMITHKLINE RATED NEW BUY AT HSBC, PT 1,700P
*GRAND CITY PROPERTIES SA RATED NEW BUY AT KEPLER CHEUVREUX
*GRIFOLS RATED NEW BUY AT HSBC, PT EU45
*HIKMA ASSUMED HOLD AT HSBC, PT CUT TO 1,936P VS 2,280P
*KINGFISHER RATED NEW UNDERPERFORM AT DAVY
*NOVARTIS RATED NEW BUY AT HSBC, PT CHF115
*NOVO NORDISK RATED NEW REDUCE AT HSBC, PT DKK300
*ROCHE RATED NEW BUY AT HSBC, PT CHF329
*SANOFI RATED NEW BUY AT HSBC, PT EU120
*SHIRE RATED NEW REDUCE AT HSBC, PT 4,734P
*UCB RATED NEW BUY AT HSBC, PT EU82
>>> Call