>>> Europe : Brokers Upgrades & Downgrades - 4th of April 2016

>>> Up
*ALPHA BANK RAISED FROM EQUAL WEIGHT AT MORGAN STANLEY
*EUROBANK ERGASIAS RAISED TO OVERWEIGHT AT MORGAN STANLEY
*LUXOTTICA RAISED TO OUTPERFORM AT RAYMOND JAMES
*PIRAEUS BANK RAISED TO OVERWEIGHT AT MORGAN STANLEY
*SOPRA STERIA GROUP RAISED TO BUY AT HSBC
*STRAUMANN RAISED TO BUY AT KEPLER CHEUVREUX
*UMICORE RAISED TO NEUTRAL VS UNDERPERFORM AT BOFAML

>>> Down
*ELIOR GROUP CUT TO HOLD AT HSBC
*JSE CUT TO HOLD VS BUY AT DEUTSCHE BANK
*LPKF CUT TO HOLD VS BUY AT HSBC
*LUFTHANSA CUT TO SELL VS REDUCE AT ALPHAVALUE
*MORRISON CUT TO UNDERPERFORM VS MARKETPERFORM AT BERNSTEIN
*PROSIEBENSAT.1 MEDIA SE CUT TO HOLD AT KEPLER CHEUVREUX

>>> PT Change


>>> Initiation


>>> Call