>>> Up
*HERMES UPGRADED TO NEUTRAL AT EXANE (Note atatched)
*HSBC RAISED TO BUY VS NEUTRAL AT UBS
*RANDALL & QUILTER RAISED TO ADD VS HOLD AT NUMIS
*SEMPERIT RAISED TO BUY VS HOLD AT HSBC
*SHIRE RAISED TO HOLD VS REDUCE AT HSBC
>>> Down
*KERING DOWNGRADED TO NEUTRA AT EXANE (Note attached)
>>> PT Change
>>> Initiation
*HISPANIA RATED NEW NEUTRAL AT GOLDMAN SACHS, PT EU15
*HSS HIRE RATED NEW ADD AT PEEL HUNT, PT 70P
*MERLIN RATED NEW NEUTRAL AT GOLDMAN SACHS, PT EU11.9
*ROLLS-ROYCE REINSTATED AT BUY AT GOLDMAN SACHS
*VICTREX RATED NEW BUY AT LIBERUM, PT 2,200P
>>> Call