>>> Up
*AHOLD DELHAIZE RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*ALDERMORE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*AVI RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*BMW RAISED TO OUTPERFORM AT EXANE BNP PARIBAS
*CEGEREAL RAISED TO HOLD AT KEPLER CHEUVREUX
*COLRUYT RAISED TO REDUCE VS SELL AT ALPHAVALUE
*HENDERSON GROUP RAISED TO HOLD VS UNDERPERFORM AT JEFFERIES
*INTERTEK GROUP RAISED TO BUY AT JEFFERIES
*INDUSTRIVARDEN RAISED TO ’BUY’ AT DNB MARKETS
*JERONIMO MARTINS RAISED TO BUY AT REDBURN
*ROSNEFT RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*SVENSKA CELLULOSA RAISED TO BUY VS SELL AT GOLDMAN
*TRANSNEFT RAISED TO HOLD VS SELL AT DEUTSCHE BANK
*VIVENDI RAISED TO BUY VS HOLD AT DEUTSCHE BANK
>>> Down
*DRILLISCH CUT TO NEUTRAL VS BUY AT CITI
*HUFVUDSTADEN CUT TO SELL AT NORDEA
*OMNIA HOLDINGS CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
*PANALPINA WELTTRANSPORT CUT TO SECTOR PERFORM FROM OUTPERFORM AT RBC
*THALES CUT TO MARKET PERFORM AT RAYMOND JAMES
>>> PT Change
>>> Initiation
*DONG ENERGY RATED NEW OUTPERFORM AT CREDIT SUISSE, PT DKK310
*HANDELSBANKEN RATED NEW HOLD AT SEB, PT SEK114
*KINNEVIK AB RATED NEW ’BUY’ AT DNB MARKETS
*LATOUR RATED NEW ’HOLD’ AT DNB MARKETS
*LUNDBERGS RATED NEW ’HOLD’ AT DNB MARKETS
*MELKER SCHORLING AB RATED NEW ’SELL’ AT DNB MARKETS
*NORDEA RATED NEW HOLD AT SEB, PT SEK85
*SWEDBANK RATED NEW SELL AT SEB, PT SEK183
*WOLSELEY RATED NEW NEUTRAL AT GOLDMAN, PT 4,600P
>>> Call