>>> Up
* Basic-Fit Upgraded to Neutral at Kempen & Co; PT 30 Euros
* Bouygues Upgraded to Overweight at JPMorgan; PT 46 Euros
* Next Upgraded to Neutral at Goldman; PT 58 Pounds
* Randgold Upgraded to Sector Perform at RBC; PT 50 Pounds
* Scandic Raised to Equal-weight at Morgan Stanley; PT 105 Kronor
>>> Down
* Deutsche Boerse Downgraded to Sell at Bankhaus Lampe
* Grammer Downgraded to Sell at Quirin Privatbank AG; PT 43 Euros
* Iliad Downgraded to Neutral at JPMorgan; PT 135 Euros
* Kier Downgraded to Neutral at JPMorgan; PT 10.42 Pounds
* Telenet Downgraded to Equal-weight at Barclays; PT 54 Euros
>>> Initiation
* Aker BP Rated New Buy at William O'Neil & Co Incorporated
* Aqualis Rated New Buy at SpareBank; PT 7 Kroner
* Cellnovo Group Rated New Add at Gilbert Dupont; PT 3.10 Euros
* DIA Rated New Hold at Bankinter Securities; PT 2.01 Euros
>>> Call