>>> Up
*GAS NATURAL FENOSA RAISED TO BUY VS SELL AT UBS
*LEGRAND RAISED TO BUY VS HOLD AT SOCGEN
*LUKOIL RAISED TO BUY AT RENAISSANCE CAPITAL
*PARAGON GROUP RAISED TO OUTPERFORM AT RBC CAPITAL
*PROVIDENT FINANCIAL RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*RANDSTAD RAISED TO EQUALWEIGHT VS UNDERWEIGHT: MORGAN STANLEY
*RYANAIR RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*SAIPEM RAISED TO OUTPERFORM VS NEUTRAL AT MEDIOBANCA
*SUEZ RAISED TO OUTPERFORM VS UNDERPERFORM AT CREDIT SUISSE
*SUPERGROUP RAISED TO BUY VS HOLD AT LIBERUM
*UNICREDIT RAISED TO BUY VS NEUTRAL AT GOLDMAN
>>> Down
*ADECCO CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*AMEC FOSTER WHEELER CUT TO NEUTRAL VS BUY AT CITI
*BRITISH LAND CUT TO HOLD VS BUY AT SOCGEN
*B&M EUROPEAN VALUE CUT TO HOLD AT JEFFERIES
*CARD FACTORY CUT TO HOLD VS BUY AT LIBERUM
*ELLIE MAE INC CUT TO EQUALWEIGHT AT BARCLAYS
*FORTUM CUT TO HOLD AT DNB MARKETS
*FRESNILLO CUT TO NEUTRAL AT JPMORGAN
*GREAT PORTLAND ESTATES CUT TO SELL VS HOLD AT SOCGEN
*HAYS CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*HUGO BOSS CUT TO HOLD VS BUY AT JEFFERIES
*KINGFISHER CUT TO HOLD VS BUY AT JEFFERIES
*KINGFISHER CUT TO MARKET PERFORM AT BERNSTEIN
*LAND SECURITIES CUT TO HOLD VS BUY AT SOCGEN
*LEGAL & GENERAL CUT TO HOLD AT JEFFERIES
*PETS AT HOME CUT TO SELL VS BUY AT LIBERUM
*POUNDLAND CUT TO SELL VS HOLD AT LIBERUM
*PRUDENTIAL CUT TO UNDERWEIGHT AT JPMORGAN
*SPORTS DIRECT CUT TO HOLD VS BUY AT JEFFERIES
*TENARIS CUT TO UNDERPERFORM VS NEUTRAL AT MEDIOBANCA
*WHITBREAD CUT TO UNDERWEIGHT AT BARCLAYS
>>> PT Change
>>> Initiation
*ARM HOLDINGS RATED BUY AT BERENBERG, PT 1400P; WAS UNDER REVIEW
>>> Call
>> Stock
*HENKEL ADDED TO ALPHA LIST AT BANKHAUS LAMPE
*KION, HELLA, K+S REMOVED FROM ALPHA LIST AT BANKHAUS LAMPE
*MERCK KGAA ADDED TO ALPHA LIST AT BANKHAUS LAMPE
*TELEFONICA ADDED TO CITI FOCUS LIST EUROPE
*VONOVIA ADDED TO ALPHA LIST AT BANKHAUS LAMPE