>>> Europe : Brokers Upgrades & DOwngrades - 29th of July 2015

>>> Up
*BANKINTER RAISED TO BUY VS NEUTRAL AT CITI
*CIRCASSIA RATED OVERWEIGHT VS NOT RATED AT JPMORGAN
*GERRESHEIMER RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*HIKMA RAISED TO BUY AT JEFFERIES
*PGS RAISED TO NEUTRAL VS SELL AT CITI

>>> Down
*LEONTEQ CUT TO HOLD VS BUY AT BERENBERG
*MOBISTAR CUT TO NEUTRAL VS BUY AT CITI
*NEXTRADIOTV CUT TO HOLD VS BUY AT HSBC
*PFEIFFER VACUUM CUT TO HOLD VS BUY AT HSBC

>>> PT Change


>>> Initiation
*CAMBIAN RATED NEW EQUALWEIGHT AT BARCLAYS, PT 305P
*GALENICA ASSUMED NEUTRAL AT UBS; WAS SELL
*GREENE KING REINSTATED BUY AT GOLDMAN

>>> Call