>>> Up
* Bunzl Upgraded to Outperform at Credit Suisse; PT 24 Pounds
* DKSH Upgraded to Outperform at Credit Suisse; PT 100 Francs
* Experian Upgraded to Outperform at Credit Suisse; PT 19 Pounds
* General Mills Upgraded to Neutral at Piper Jaffray; PT $63
* Oracle Upgraded to Overweight at Morgan Stanley; PT $57
* Randstad Upgraded to Outperform at Credit Suisse; PT 63 Euros
* Terna Upgraded to Hold at Kepler Cheuvreux; PT 4.90 Euros
>>> Down
* Brenntag Cut to Underperform at Credit Suisse; PT 47 Euros
* Hays Downgraded to Neutral at Credit Suisse; PT 2 Pounds
* Logista Cut to Underperform at Credit Suisse; PT 18.90 Euros
* Pagegroup Cut to Underperform at Credit Suisse; PT 4.30 Pounds
* Rentokil Downgraded to Neutral at Credit Suisse; PT 3.40 Pounds
* Serco Group Cut to Underperform at Credit Suisse; PT 85 Pence
>>> Initiation
* Adecco Reinstated Neutral at Intermonte Securities; PT 78 Francs
* Alstom Reinstated Neutral at Intermonte Securities
* AMS Reinstated at Intermonte Securities With Buy; PT 105 Francs
* Bakkavor Group Rated New Buy at HSBC; PT 2.20 Pounds
* BMW Reinstated Outperform at Intermonte Securities; PT 94 Euros
* Burberry Reinstated at Intermonte Securities With Underperform
* Christian Dior Reinstated at Intermonte Securities With Neutral
* Electro Power Systems Reinstated Buy at Intermonte Securities
* ElringKlinger Reinstated Neutral at Intermonte Securities
* Ence Reinstated at Intermonte Securities With Buy; PT 4 Euros
* Faurecia Reinstated Neutral at Intermonte Securities
* Ferrari Reinstated at Intermonte Securities With Neutral
* Gemalto Reinstated at Intermonte Securities With Neutral
* Hella Reinstated Neutral at Intermonte Securities; PT 47 Euros
* Hugo Boss Reinstated Outperform at Intermonte Securities
* Intertek Reinstated Neutral at Intermonte Securities
* Kering Reinstated Neutral at Intermonte Securities; PT 400 Euros
* Peugeot Reinstated Buy at Intermonte Securities; PT 27.50 Euros
* Publicis Reinstated Outperform at Intermonte Securities
* Randstad Reinstated at Intermonte Securities With Outperform
* Richemont Reinstated Neutral at Intermonte Securities
* Saint-Gobain Reinstated Buy at Intermonte Securities
* Smurfit Kappa Reinstated Outperform at Intermonte Securities
* Teleperformance Reinstated Outperform at Intermonte Securities
* Valeo Reinstated Outperform at Intermonte Securities
* VW Reinstated at Intermonte Securities With Buy; PT 205 Euros
*
>>> Call