>>> Up
*BANK ZACHODNI RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*BELLWAY RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*DEUTSCHE WOHNEN RAISED TO BUY VS NEUTRAL AT UBS
*IPSOS RAISED TO BUY AT HSBC
*NORDEA RAISED TO HOLD VS SELL AT SOCIETE GENERALE
*NORSK HYDRO RAISED TO OUTPERFORM VS UNDERPERFORM AT MACQUARIE
*PERSIMMON RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*SERVICE CORP. INTL RAISED TO OUTPERFORM AT CREDIT SUISSE
*VALEO RAISED TO BUY AT HSBC
*VOPAK RAISED TO BUY FROM HOLD AT ING; PT TO EU52.50 VS EU37.50
*ZODIAC RAISED TO ADD VS REDUCE AT ALPHAVALUE
>>> Down
*ADIDAS CUT TO NEUTRAL VS BUY AT UBS
*AEROFLOT CUT TO HOLD AT HSBC
*ATLAS COPCO CUT TO NEUTRAL VS BUY AT UBS
*BAYER CUT TO HOLD AT HSBC
*BRITISH LAND CUT TO ADD VS BUY AT ALPHAVALUE
*FERRAGAMO CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*FIRSTENERGY CUT TO HOLD AT JEFFERIES
*GARANTI CUT TO HOLD AT HSBC
*H&M CUT TO SELL VS NEUTRAL AT GOLDMAN
*KGHM CUT TO SELL VS NEUTRAL AT GOLDMAN
*KION GROUP CUT TO HOLD AT SOCIETE GENERALE
*LENTA LTD CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*MICHELIN CUT TO HOLD AT HSBC
*NEXT PLC CUT TO SELL VS NEUTRAL AT GOLDMAN
*NORDEA RAISED TO HOLD VS SELL AT SOCIETE GENERALE
*SACYR SA CUT TO HOLD AT SOCIETE GENERALE
*SAFILO CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*THYSSENKRUPP CUT TO NEUTRAL VS BUY AT UBS
*TOTAL CUT TO HOLD AT JEFFERIES
>>> PT Change
>>> Initiation
*BARCLAYS RESUMED AT NEUTRAL AT MEDIOBANCA; PT 200P
*ENEL RESUMED OUTPERFORM AT CREDIT SUISSE, PT EU4.6
*LEG IMMOBILIEN RATED NEW NEUTRAL AT UBS, PT EU83
*PALFINGER RATED NEW BUY AT BERENBERG, PT EU35.6
*UNITED UTILITIES RATED NEW HOLD AT JEFFERIES
>>> Call
>> Stock
*ENDESA ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*HENKEL ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*PETROFAC ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*PEUGEOT ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*UNITED INTERNET ENTERS TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*VESTAS ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE