>>> Up
*CAIRN ENERGY RAISED TO OUTPERFORM AT RBC CAPITAL
*ENDESA RAISED TO OUTPERFORM AT MAIN FIRST BANK AG
*GFT TECHNOLOGIES RAISED TO BUY VS NEUTRAL AT UBS
*INMOBILIARIA COLONIAL RAISED TO BUY VS SELL AT ALPHAVALUE
*INMOBILIARIA COLONIAL RAISED TO NEUTRAL VS SELL AT MIRABAUD
*MAERSK RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*RWE RAISED TO HOLD VS SELL AT BERENBERG
*SANTANDER RAISED TO HOLD VS SELL AT SOCGEN
*STATOIL RAISED TO BUY VS HOLD AT DNB
>>> Down
*ATRESMEDIA CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*DNB CUT TO REDUCE VS ADD AT ALPHAVALUE
*GFK CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*GLENCORE CUT TO SELL AT LIBERUM
*INFINERA CUT TO NEUTRAL AT JPMORGAN
*MAGNIT CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*NYRSTAR CUT TO UNDERPERFORM AT MACQUARIE
*OSRAM LICHT CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*POSTNL RAISED TO OUTPERFORM AT MAIN FIRST BANK
*SAIPEM CUT TO SELL VS HOLD AT DNB
>>> PT Change
>>> Initiation
*ACADEMEDIA RATED NEW BUY AT NORDEA
*MPC CAPITAL RATED NEW BUY AT BERENBERG; PT EU11
*TECHNOGYM RATED NEW 'BUY' AT KEPLER CHEUVREUX
>>> Call