>>> Up
*BAE SYSTEMS RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*CEMENTIR RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*DUNELM RAISED TO BUY VS ADD AT PEEL HUNT
*GLENCORE RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*LOGITECH RAISED TO ADD VS REDUCE AT ALPHAVALUE
*SOLVAY RAISED TO STRONG BUY AT RAYMOND JAMES
>>> Down
*ACCOR CUT TO ADD VS BUY AT ALPHAVALUE
*CIE AUTOMOTIVE CUT TO HOLD VS BUY AT SOCGEN
*COOR CUT TO NEUTRAL VS BUY AT UBS, REMOVED FROM MIDCAP KEY CALLS LIST AT UBS
*INTERTEK CUT TO SELL VS HOLD AT SOCGEN
*JOHNSON MATTHEY CUT TO HOLD VS BUY AT BERENBERG
*MEDIASET CUT TO ADD VS BUY AT ALPHAVALUE
*RICHEMONT CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE (Note attached)
*SARAS CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*SARTORIUS CUT TO NEUTRAL VS BUY AT UBS
*SHELL CUT TO HOLD VS BUY AT LIBERUM
*SIMON PROPERTY CUT TO SECTOR PERFORM AT RBC CAPITAL
*SWATCH CUT TO UNDERPERFORM VS OUTPERFORM AT CREDIT SUISSE
*VISCOFAN CUT TO HOLD VS BUY AT SOCGEN
>>> PT Change
>>> Initiation
*AXA RATED NEW UNDERPERFORM AT MACQUARIE, PT EU15.3
*BRITVIC RATED NEW EQUALWEIGHT AT MORGAN STANLEY; PT 650P
*HEXPOL RATED NEW BUY AT UBS; PT SEK100
*IMMOBEL RATED BUY IN NEW COVERAGE AT ING; PT EU59
*POSTNL RATED BUY VS NOT RATED AT GOLDMAN; PT EU4.5
*STEINHOFF INTERNATIONAL RESUMED AT BUY AT CITI; PT EU6.45
*TEMENOS RATED NEW ’BUY’ AT KEPLER CHEUVREUX
>>> Call
>> Stock
*COOR REMOVED FROM MIDCAP KEY CALLS LIST AT UBS