>>> Up
*ALIOR RAISED TO BUY VS NEUTRAL AT CITI
*Barrick Gold Raised to Buy at Deutsche Bank
*Credit Agricole Upgraded at Macquarie on Retail Expectations
*Freeport Raised to Buy at Deutsche Bank
*SIEMENS RAISED TO BUY VS HOLD AT BERENBERG
*TGS RAISED TO OVERWEIGHT VS UNDERWEIGHT AT BARCLAYS
>>> Down
*ACERINOX CUT TO SELL VS NEUTRAL AT UBS
*CENTRICA CUT TO SECTOR PERFORM AT RBC CAPITAL
*ORANGE CUT TO HOLD VS BUY AT HSBC
*SKANSKA CUT TO SELL AT NORDEA
*TELENOR CUT TO HOLD VS BUY AT HSBC
*TF1 CUT TO HOLD VS BUY AT HSBC
>>> PT Change
>>> Initiation
*ABI RATED NEW BUY AT LIBERUM; PT EU132
*BANCA CARIGE RESUMED AT NEUTRAL AT MEDIOBANCA; PT EU0.31
*CAMPARI RATED NEW HOLD AT LIBERUM; PT EU11
*CARLSBERG RATED NEW BUY AT LIBERUM; PT DKK713
*DANONE RESUMED AT OUTPERFORM VS MARKET PERFORM AT BERNSTEIN
*DIAGEO RATED NEW HOLD AT LIBERUM; PT 2,182P
*EMERSON RATED NEW SELL AT BERENBERG, PT $41
*HEINEKEN RATED NEW BUY AT LIBERUM; PT EU95
*LA COMER RATED NEW UNDERWEIGHT AT JPMORGAN
*MERLIN ENTERTAINMENTS RATED NEW BUY AT HSBC
*PERNOD RATED NEW HOLD AT LIBERUM; PT EU112
*REMY RATED NEW HOLD AT LIBERUM; PT EU75
*ROCKWELL RATED NEW SELL AT BERENBERG, PT $100
*VIRGIN MONEY RATED NEW BUY AT JEFFERIES; PT 400P
>>> Call