>>> Up
*PROXIMUS RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*RENAULT RAISED TO OUTPERFORM AT BERNSTEIN
*REPSOL RAISED TO NEUTRAL VS SELL AT GOLDMAN
*TECHNIP RAISED TO OUTPERFORM AT MACQUARIE
*TELEFONICA RAISED TO BUY AT UBS
*TOD’S RAISED TO BUY VS HOLD AT HSBC
*WEIR RAISED TO SECTOR PERFORM VS UNDERPERFORM AT RBC
*ZODIAC RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
>>> Down
*BANKIA CUT TO SELL VS HOLD AT BERENBERG
*INTU PROPERTIES CUT TO UNDERWEIGHT AT MORGAN STANLEY
*LOGISTA CUT TO HOLD VS BUY AT SOCGEN
*M6-METROPOLE CUT TO HOLD VS BUY AT HSBC
*SAIPEM CUT TO UNDERPERFORM AT MACQUARIE
*SAIPEM CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SODEXO CUT TO SELL VS NEUTRAL AT GOLDMAN
*SSAB CUT TO SECTOR PERFORM AT RBC CAPITAL
*WHITBREAD CUT TO HOLD VS BUY AT SOCGEN
>>> PT Change
>>> Initiation
*AKER SOLUTIONS RATED NEW UNDERPERFORM AT MACQUARIE; PT NOK28.3
*ELRINGKLINGER RATED NEW BUY AT HSBC, PT EU25
*SMITH & NEPHEW RATED NEW NEUTRAL AT STERNE AGEE CRT, PT
*SUBSEA 7 RATED NEW NEUTRAL AT MACQUARIE; PT NOK69
>>> Call
>> Stock
*DASSAULT SYSTEMES REMOVED FROM CONVICTION LIST AT GOLDMAN
*ROYAL DUTCH SHELL EXITS EUROPE CONVICTION LIST AT RAYMOND JAMES