>>> Europe : Brokers Upgrades & Downgrades - 28th of May 2015

>>> Up
*ERICSSON RAISED TO BUY VS NEUTRAL AT CITI
*DIRECT LINE RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*DRILLISCH RAISED TO BUY VS NEUTRAL AT CITI
*LIFE HEALTHCARE GROUP RAISED TO OUTPERFORM AT MACQUARIE
*MEDICLINIC INTERNATIONAL RAISED TO OUTPERFORM AT MACQUARIE

>>> Down
*ALROSA CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*BANCO SANTANDER BRASIL CUT TO UNDERWEIGHT AT BARCLAYS
*BT GROUP CUT TO UNDERPERFORM AT RAYMOND JAMES
*ICAP CUT TO SELL VS HOLD AT NUMIS
*VOESTALPINE AG CUT TO NEUTRAL VS BUY AT CITI

>>> PT Change


>>> Initiation


>>> Call