>>> Europe : Brokers Upgrades & Downgrades - 5th of November 201

>>> Up
*AEROFLOT RAISED TO BUY AT HSBC
*BEIERSDORF RAISED TO HOLD AT HSBC
*CAMPARI RAISED TO BUY VS NEUTRAL AT CITI
*ENGIE RAISED TO BUY VS NEUTRAL AT UBS (Full Note attached)
*PROXIMUS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*RWE RAISED TO BUY AT SANTANDER


>>> Down
*A2A CUT TO NEUTRAL VS BUY AT GOLDMAN
*ATOS CUT TO NEUTRAL VS BUY AT CITI
*BUREAU VERITAS CUT TO UNDERWEIGHT VS EQUAL WEIGHT AT BARCLAYS
*CENTRICA CUT TO NEUTRAL VS BUY AT GOLDMAN
*EDF CUT TO NEUTRAL VS BUY AT GOLDMAN
*ENEL CUT TO SELL VS NEUTRAL AT GOLDMAN
*ENEL GREEN POWER CUT TO NEUTRAL VS BUY AT GOLDMAN
*GAS NATURAL CUT TO NEUTRAL VS BUY AT GOLDMAN
*IBERDROLA CUT TO NEUTRAL VS BUY AT GOLDMAN
*PREMIER OIL CUT TO REDUCE AT GMP SECURITIES
*PUBLIC POWER CUT TO SELL VS NEUTRAL AT GOLDMAN
*UNITED UTILITIES CUT TO UNDERWEIGHT AT MORGAN STANLEY
*VERBUND CUT TO NEUTRAL VS BUY AT GOLDMAN


>>> PT Change



>>> Initiation


>>> Call
>> Stock
*ENAGAS ADDED TO CONVICTION BUY LIST AT GOLDMAN
*SSE ADDED TO CONVICTION SELL LIST AT GOLDMAN