>>> Europe : Brokers Upgrades & Downgrades - 29th of February 2016

>>> Up
*AIRBUS RAISED TO OUTPERFORM VS MARKETPERFORM AT BERNSTEIN
*ELIOR RAISED TO NEUTRAL VS REDUCE AT ODDO
*ENI RAISED TO BUY VS NEUTRAL AT CITI
*EURONEXT RAISED TO OUTPERFORM VS SECTOR PERFORM AT RBC
*GEOX RAISED TO BUY VS NEUTRAL AT CITI
*GO-AHEAD GROUP RAISED TO BUY AT JEFFERIES
*INDITEX RAISED TO BUY AT JEFFERIES
*INTU PROPERTIES RAISED TO BUY VS NEUTRAL AT BOFAML
*KAZ MINERALS RAISED TO SECTOR PERFORM AT RBC CAPITAL
*KERRY RAISED TO NEUTRAL VS SELL AT GOLDMAN
*SAIPEM RAISED TO HOLD VS REDUCE AT HSBC
*SKY RAISED TO BUY VS NEUTRAL AT GOLDMAN SACHS

>>> Down
*BUFAB CUT TO ACCUMULATE VS BUY AT HANDELSBANKEN
*EULER HERMES GROUP CUT TO UNDERWEIGHT AT JPMORGAN
*GERRY WEBER CUT TO SELL VS HOLD AT BAADER-HELVEA
*ITV CUT TO NEUTRAL VS BUY AT GOLDMAN
*SANDVIK CUT TO SELL VS NEUTRAL AT UBS
*ZUMTOBEL CUT TO REDUCE VS BUY AT KEPLER CHEUVREUX

>>> PT Change


>>> Initiation
*ALDERMORE RATED NEW BUY AT PEEL HUNT, PT 225P
*ANTOFAGASTA RATED NEW SELL AT BERENBERG; PT 410P
*AURUBIS RATED NEW BUY AT BERENBERG; PT EU53.50
*DEUTSCHE WOHNEN RESUMED NEUTRAL AT JPMORGAN, PT EU28
*LUNDIN MINING RATED NEW HOLD AT BERENBERG; PT CAD4/SEK25
*SHAWBROOK RATED NEW BUY AT PEEL HUNT, PT 350P
*ONESAVINGS BANK RATED NEW BUY AT PEEL HUNT, PT 360P
*VONOVIA RESUMED OVERWEIGHT AT JPMORGAN, PT EU34

>>> Call
>> Stock
*FINCANTIERI SET AS NEW SHORT AT MEDIOBANCA, REPLACES SOGEFI
>> Sector
*EUROPE FOOD RETAIL RAISED TO OVERWEIGHT VS NEUTRAL AT UBS
*EUROPE CONSUMER DURABLES CUT TO NEUTRAL VS OVERWEIGHT AT UBS