>>> Up
*SEPLAT PETROLEUM RAISED TO BUY VS NEUTRAL AT CITI
*WILLIAM HILL RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
>>> Down
*APPLUS CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*BARRATT CUT FROM HOLD AT TO SELL LIBERUM
*HOLMEN CUT TO ’HOLD AT NORDEA
*L’OREAL CUT TO HOLD VS BUY AT SOCGEN
*LUNDIN PETROLEUM CUT TO SELL VS NEUTRAL AT CITI
*MUNICH RE CUT TO NEUTRAL VS BUY AT ODDO
*PERSIMMON CUT FROM HOLD RO SELL AT LIBERUM
*PROSAFE CUT TO SELL VS HOLD AT PARETO
*TULLETT PREBON CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*TAYLOR WIMPEY CUT FROM HOLD TO SELL AT LIBERUM
>>> PT Change
>>> Initiation
*PADDY POWER RATED NEW OVERWEIGHT AT BARCLAYS, PT EU104
*SOPHOS GROUP RATED NEW BUY AT PEEL HUNT, PT 330P
>>> Call
>> Stock
*MTU AERO, TELE COLUMBUS ADDED TO BANKHAUS LAMPE’S ALPHA LIST
*BBVA REMOVED FROM FSB LIST OF SYSTEMICALLY IMPORTANT BANKS
*SENIOR REMOVED FROM CITI UK SMALL & MID-CAP KEY BUY LIST
>> Sector
*EUROPEAN INSURANCE NOW PREFERRED TO BANKS AT CREDIT SUISSE
--> UBS : Europe Outlook 2016/2017 - see attached