>>> Up
* Ingenico Group Raised to Equal-weight at Morgan Stanley
* National Grid Raised to Neutral at Credit Suisse; PT 8.60 Pounds
* VAT Upgraded to Buy at Berenberg
>>> Down
* Balta previously rated overweight by Alexander Mees at JPMorgan.
* Kimco Downgraded to Neutral at Baird; PT Set to $20
* Vivendi Cut to Neutral at MainFirst; Price Target 23.50 Euros
* Zurich Ins. Cut to Neutral at JPMorgan; Price Target 311 Francs
>>> Initiation
* Breedon Initiated at Barclays With Overweight; PT 93 Pence
* Europris Initiated at Kepler Cheuvreux With Buy; PT 39 Kroner
* Grafton Initiated at Barclays With Overweight; PT 8.14 Pounds
* Howden Joinery Initiated at Barclays With Equal-weight
* Inmobiliaria del Sur Initiated at Kepler Cheuvreux With Buy
* Kingspan Initiated at Barclays With Overweight; PT 37 Euros
* Marshalls Initiated at Barclays With Underweight; PT 4.29 Pounds
* Moneysupermarket Reinstated Hold at Jefferies; PT 3.30 Pounds
* Polypipe Initiated at Barclays With Overweight; PT 4.26 Pounds
* SIG Initiated at Barclays With Underweight; PT 1.55 Pounds
* Tyman Initiated at Barclays With Overweight; PT 3.97 Pounds
>>> Call