>>> Up
*AMEREN UPGRADED TO OVERWEIGHT AT BARCLAYS
*BUZZI UNICEM UPGRADED TO OUTPERFORM FROM NEUTRAL AT DAVY
*COMMERZBANK RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*ERSTE RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*EXELIXIS RAISED TO BUY VS HOLD AT STIFEL
*IMCD RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*IMCD GROUP RAISED TO BUY VS NEUTRAL AT GOLDMAN
*MARKS AND SPENCER RAISED TO BUY VS HOLD AT PEEL HUNT
*RWE RAISED TO BUY AT SOCIETE GENERALE
*WEIR GROUP RAISED TO BUY VS NEUTRAL AT NOMURA
>>> Down
*ABN CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*ADMIRAL CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*BNP CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*BOUYGUES CUT TO SELL VS HOLD AT BERENBERG
*CAIXABANK CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*DANAHER CUT TO MARKET PERFORM AT BERNSTEIN
*FRAPORT CUT TO SELL VS NEUTRAL AT UBS
*ILIAD CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*IMI CUT TO NEUTRAL VS BUY AT NOMURA
*INTESA CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*POPULAR CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*ROLLS-ROYCE CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*UBI CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*UNICREDIT CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
>>> PT Change
>>> Initiation
*BPOST ASSUMED AT NEUTRAL AT NOMURA; PT EU24.40
>>> Call
>> Country
*CREDIT SUISSE CUTS JAPAN EQUITIES TO BENCHMARK, ADDS TO GEM
>> Sector
*EUROPEAN BANKS CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA