>>> Up
*ABCAM RAISED TO OUTPERFORM AT RBC CAPITAL
*BARRICK GOLD RAISED TO SECTOR OUTPERFORM AT CIBC
*BT GROUP RAISED TO BUY AT CITI
*COMPASS RAISED TO BUY VS NEUTRAL AT CITI
*EUTELSAT RAISED TO EQUALWEIGHT VS UNDERWEIGHT AT BARCLAYS
*FRESNILLO RAISED TO NEUTRAL VS SELL AT GOLDMAN
*GOLD FIELDS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*HALMA RAISED TO ’NEUTRAL’ AT JPMORGAN
*HSBC HOLDINGS PLC RAISED TO NEUTRAL AT JPMORGAN
*IAMGOLD RAISED TO SECTOR PERFORM AT CIBC
*INDIVIOR PLC RAISED TO SECTOR PERFORM AT RBC CAPITAL
*MAN GROUP RAISED TO NEUTRAL VS SELL AT CITI
*RANDGOLD RAISED TO BUY VS NEUTRAL AT GOLDMAN
*SUBSEA 7 RAISED TO BUY AT KEPLER CHEUVREUX
*SWEDBANK RAISED TO OVERWEIGHT AT JPMORGAN
*THOMAS COOK RAISED TO NEUTRAL VS SELL AT CITI
*THYSSENKRUPP RAISED TO BUY VS HOLD AT BAADER-HELVEA
*TUI RAISED TO NEUTRAL VS SELL AT CITI
*UNIBAIL-RODAMCO RAISED FROM EQUAL WEIGHT AT MORGAN STANLEY
*VONOVIA RAISED TO OVERWEIGHT VS EQUAL WEIGHT AT MORGAN STANLEY
>>> Down
*ADECCO CUT TO NEUTRAL VS BUY AT GOLDMAN
*BANKIA CUT TO NEUTRAL AT JPMORGAN
*BANKIA CUT TO EQUALWEIGHT AT BARCLAYS
*BARCLAYS CUT TO NEUTRAL AT JPMORGAN
*BARCLAYS CUT TO UNDERPERFORM VS BUY AT JEFFERIES
*BIG YELLOW CUT TO EQUAL WEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*BRITISH LAND CUT TO EQUAL WEIGHT AT MORGAN STANLEY
*BT GROUP CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*CONTINENTAL AG CUT TO NEUTRAL VS BUY AT GOLDMAN
*CREDIT SUISSE CUT TO UNDERWEIGHT AT JPMORGAN
*DERWENT LONDON CUT TO UNDERWEIGHT AT MORGAN STANLEY
*DEUTSCHE BANK CUT TO NEUTRAL AT JPMORGAN
*FAURECIA CUT TO NEUTRAL VS BUY AT GOLDMAN
*GKN PLC CUT TO NEUTRAL VS BUY AT GOLDMAN
*GREAT PORTLAND CUT TO UNDERWEIGHT AT MORGAN STANLEY
*HAYS CUT TO SELL VS BUY AT GOLDMAN
*INTERNATIONAL CONSOLIDATED AIRLINES CUT TO NEUTRAL AT GOLDMAN
*INTERCONTINENTAL HOTELS RAISED TO NEUTRAL VS SELL AT CITI
*INTESA CUT TO NEUTRAL VS BUY AT CITI
*IAG REMOVED FROM CREDIT SUISSE FOCUS LIST; STILL OUTPERFORM
*ITV CUT TO REDUCE VS BUY AT ALPHAVALUE
*KINGFISHER CUT TO NEUTRAL VS BUY AT GOLDMAN
*LAND SECURITIES CUT TO EQUAL WEIGHT AT MORGAN STANLEY
*LEGRAND CUT TO SELL VS NEUTRAL AT CITI
*LLOYDS CUT TO NEUTRAL AT JPMORGAN
*LLOYDS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*MORGAN ADVANCED CUT TO NEUTRAL VS BUY AT CITI
*NESTE OYJ CUT TO SELL AT NORDEA
*NEXANS CUT TO ’UNDERWEIGHT’ AT JPMORGAN
*PAGEGROUP CUT TO SELL VS BUY AT GOLDMAN
*POPOLARE MILANO CUT TO EQUALWEIGHT AT BARCLAYS
*RANDSTAD CUT TO NEUTRAL, REMOVED FROM CONVICTION LIST: GOLDMAN
*RBS CUT TO UNDERWEIGHT AT JPMORGAN
*RBS CUT TO UNDERPERFORM AT RBC CAPITAL
*RBS CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*RBS CUT TO HOLD AT JEFFERIES
*REXEL CUT TO ’UNDERWEIGHT’ AT JPMORGAN
*ROYAL MAIL CUT TO NEUTRAL VS BUY AT GOLDMAN
*RYANAIR CUT TO HOLD VS BUY AT EVERCORE ISI
*SHAFTESBURY CUT TO UNDERWEIGHT AT MORGAN STANLEY
*SPORTS DIRECT INTERNATIONAL CUT TO SELL VS NEUTRAL AT GOLDMAN
*SVENSKA HANDELSBANKEN CUT TO SELL VS NEUTRAL AT CITI
*UBI BANCA CUT TO EQUALWEIGHT AT BARCLAYS
*UBS CUT TO UNDERWEIGHT AT JPMORGAN
>>> PT Change
>>> Initiation
>>> Call
>> Stock
*CAPITA ADDED TO CONVICTION SELL LIST AT GOLDMAN
*FIAT CHRYSLER REMOVED FROM CONVICTION BUY LIST AT GOLDMAN
>> Country
*EUROPEAN STOCKS CUT TO UNDERWEIGHT FROM OVERWEIGHT AT HSBC
*U.S. STOCKS RAISED TO OVERWEIGHT FROM UNDERWEIGHT AT HSBC
*UK EQUITIES RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC
*SWISS EQUITIES RAISED TO OVERWEIGHT VS UNDERWEIGHT AT HSBC
>> Sector
*TELECOMS RAISED TO OVERWEIGHT VS UNDERWEIGHT AT CITI
*UTILITIES CUT TO UNDERWEIGHT VS NEUTRAL AT CITI
*METALS & MINING RAISED TO NEUTRAL ON 6-MONTH VIEW AT CITI