>>> Up
*BOURBON RAISED TO HOLD VS SELL AT SOCIETE GENERALE
*CENTAMIN RAISED TO ADD VS HOLD AT NUMIS
*DEUTZ RAISED TO BUY AT HSBC
*GLAXOSMITHKLINE RAISED TO BUY VS NEUTRAL AT CITI
*INMARSAT RAISED TO HOLD VS SELL AT BERENBERG
*NEXT RAISED TO HOLD VS UNDERPERFORM AT JEFFERIES
>>> Down
*AEGON CUT TO HOLD VS BUY AT JEFFERIES
*DEBENHAMS CUT TO HOLD VS BUY AT JEFFERIES
*DUNELM CUT TO HOLD VS BUY AT JEFFERIES
*M&S CUT TO HOLD VS BUY AT JEFFERIES
*NORSKE SKOG CUT TO REDUCE AT KEPLER CHEUVREUX
*PEUGEOT CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*POUNDLAND CUT TO UNDERPERFORM VS BUY AT JEFFERIES
*SUNRISE COMMUNICATIONS CUT TO SELL VS NEUTRAL AT GOLDMAN
*TELEVISA CUT TO NEUTRAL AT JPMORGAN
*WILLIAM HILL CUT TO UNDERWEIGHT AT MORGAN STANLEY
>>> PT Change
>>> Initiation
*AVIVA RATED NEW NEUTRAL AT MACQUARIE; PT 502P
*BNP PARIBAS RATED NEW BUY AT UBS, PT EU50
*BRAIN AG RATED NEW BUY AT ODDO SEYDLER, PT EU12
*SCANDINAVIAN TOBACCO RATED NEW BUY AT DEUTSCHE BANK; PT DKK130
*SOCGEN RATED NEW BUY AT UBS; PT EU38
>>> Call
>> Stock
*ATOS ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*EMS CHEMIE ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*RWE ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*SHELL ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE
*WPP ADDED TO TOP PICKS UNDER ALPHA MODEL AT MACQUARIE