>>> Up
*BANZAI RAISED TO BUY VS ACCUMULATE AT BANCA AKROS
*COLOPLAST RAISED TO NEUTRAL AT JPMORGAN
*DEUTSCHE BANK RAISED TO MARKET PERFORM AT KBW
*DIALOG SEMI RAISED TO BUY VS HOLD AT COMMERZBANK
*FAGRON RAISED TO BUY FROM HOLD AT KBC; PT RAISED TO EU26
*GAS NATURAL RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*GFK RAISED TO BUY FROM HOLD AT LBBW
*GREENCORE RAISED TO ADD VS HOLD AT PEEL HUNT
*LEGRAND RAISED TO BUY VS NEUTRAL AT ODDO
*LIONTRUST ASSET MANAGEMENT RAISED TO BUY VS ADD AT NUMIS
*LUFTHANSA RAISED TO BUY VS HOLD AT HSBC
*POLAR CAPITAL RAISED TO HOLD VS REDUCE AT NUMIS
*RWE RAISED TO HOLD VS SELL AT SOCGEN
*SAIPEM RAISED TO NEUTRAL VS SELL AT BANCA AKROS
*SCHRODERS RAISED TO BUY VS ADD AT NUMIS
*SDL RAISED TO HOLD VS SELL AT PEEL HUNT
*STANCHART RAISED TO BUY AT MAYBANK KIM ENG
*TRINITY MIRROR RAISED TO BUY VS HOLD AT PANMURE GORDON
*VOESTALPINE RAISED TO NEUTRAL VS SELL AT UBS
*YOUGOV RAISED TO BUY VS ADD AT NUMIS
*ZURICH INSURANCE RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
>>> Down
*ANGLO AMERICAN CUT TO SECTOR UNDERPERFORM AT CIBC
*BAYER CUT TO NEUTRAL VS BUY AT BRYAN GARNIER
*BBVA CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*DS SMITH CUT TO HOLD VS BUY AT JEFFERIES
*HENKEL CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*MANZ CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*PADDY POWER CUT TO HOLD VS BUY AT PEEL HUNT
*RYANAIR CUT TO HOLD VS BUY AT HSBC
*TELEKOM AUSTRIA CUT TO HOLD VS BUY AT HSBC
*VOLKSWAGEN CUT TO HOLD VS BUY AT BAADER HELVEA
>>> PT Change
>>> Initiation
*CLIPPER LOGISTICS RATED NEW HOLD AT CANTOR; PT 265P
*DEUTSCHE WOHNEN RATED NEW NEUTRAL AT CREDIT SUISSE
*GRAND CITY PROPERTIES RATED NEW OUTPERFORM AT CREDIT SUISSE
*LEG IMMOBILIEN RATED NEW NEUTRAL AT CREDIT SUISSE
*METRO RESUMED AT HOLD AT DEUTSCHE BANK; PT EU27
*ROYAL UNIBREW RATEDN NEW BUY AT NOMURA; PT DKK290
*VONOVIA RATED NEW UNDERPERFORM AT CREDIT SUISSE
>>> Call
>> Stock
*LIBERTY GLOBAL REMOVED FROM GOLDMAN SACHS CONVICTION BUY LIST