>>> Up
*AB Foods Raised to Buy at Citi
*Berendsen Raised to Sector Perform at RBC, PT 1,100p
*Commerzbank Raised to Buy at UBS, PT EU11.50
*Construcciones y Auxiliar Raised to Buy at BPI, PT EU46
*Gamesa Raised to Buy at Intermoney Valores, PT EU22.60
*Rio Tinto Raised to Reduce at AlphaValue
>>> Down
*Aixtron Cut to Hold at Baader-Helvea, PT EU5.50
*Buwog Cut to Hold at Kepler Cheuvreux, PT EU26.50
*Deutsche Wohnen Cut to Hold at Kepler Cheuvreux, PT EU37
*Faurecia Cut to Neutral at Exane
*HAVAS SA Cut to Hold at HSBC
*H&M Cut to Neutral at Citi
*ING Cut to Hold at HSBC, PT EU15.20
*Plastic Omnium Cut to Underperform at Exane
*Sandvik Cut to Hold at Kepler Cheuvreux, PT SEK147
*Suez Cut to Equal-weight at Morgan Stanley, PT EU17
*Veolia Cut to Equal-weight at Morgan Stanley
*Worldpay Cut to Equal-weight at Barclays, PT GBP3.15
>>> Initiation
*Galenica Sante New Neutral at Credit Suisse, PT CHF45
*NEX Group New Sector Perform at RBC, PT 650p
*Schaeffler New Buy at Goldman, PT EU18
*TP ICAP New Outperform at RBC, PT 525p
>>> Call
>> Stock
*ELECTROLUX REMOVED FROM CONVICTION LIST AT GOLDMAN; STILL BUY