>>> Up
*DEUTSCHE PFANDBRIEFBANK RAISED TO BUY VS NEUTRAL AT CITI
*ORKLA RAISED TO BUY FROM HOLD AT ARCTIC SECURITIES
*SKF RAISED TO HOLD FROM SELL AT LIBERUM; PT SEK135
*SOFTWARE AG RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*WACKER CHEMIE RAISED TO NEUTRAL VS SELL AT CITI
>>> Down
*ATOS CUT TO NEUTRAL VS BUY AT ODDO
*BANKIA CUT TO REDUCE VS ADD AT ALPHAVALUE
*GIVAUDAN CUT TO HOLD VS BUY AT KEPLER CHEUVREUX
*TALKTALK CUT TO NEUTRAL VS BUY AT GOLDMAN
*UBS CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
*UPM-KYMMENE CUT TO HOLD AT JEFFERIES
>>> PT Change
>>> Initiation
*ATRESMEDIA CORPORACION RATED NEW HOLD AT JEFFERIES
*BARRATT RATED NEW HOLD AT CANACCORD, PT 630P
*BELLWAY RATED NEW BUY AT CANACCORD, PT 3390P
*BERKELEY RATED NEW BUY AT CANACCORD, PT 4180P
*BOVIS RATED NEW BUY AT CANACCORD, PT 1150P
*CREST NICHOLSON RATED NEW BUY AT CANACCORD, PT 670P
*GO-AHEAD RESUMED AT SELL AT GOLDMAN; PT 2,400P
*ING RATED NEW UNDERPERFORM AT MACQUARIE; PT EU9
*MEDIASET RATED NEW BUY AT JEFFERIES
*MEDIASET ESPANA RATED NEW HOLD AT JEFFERIES
*METROPOLE TELEVISION SA RATED NEW HOLD AT JEFFERIES
*NATIONAL EXPRESS RESUMED AT NEUTRAL AT GOLDMAN; PT 345P
*PERSIMMON RATED NEW HOLD AT CANACCORD, PT 2080P
*PROSIEBENSAT.1 MEDIA SE RATED NEW BUY AT JEFFERIES
*REDROW RATED NEW BUY AT CANACCORD, PT 610P
*RTL GROUP RATED NEW HOLD AT JEFFERIES
*TAYLOR WIMPEY RATED NEW BUY AT CANACCORD, PT 210P
*TELEVISION FRANCAISE 1 RATED NEW UNDERPERFORM AT JEFFERIES
*TELFORD HOMES RATED NEW HOLD AT CANACCORD, PT 400P
>>> Call