>>> Up
*ARCELORMITTAL RAISED TO BUY VS SELL AT CITI
*EDENRED RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*GLENCORE RAISED TO BUY AT SOCIETE GENERALE
*MEDIOLANUM RAISED TO NEUTRAL VS UNDERPERFORM AT MAINFIRST
*METSO RAISED TO HOLD VS REDUCE AT HSBC
*NEOVACS RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX
*PENNON RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
*PGE RAISED TO BUY AT SOCIETE GENERALE
*RICHEMONT RAISED TO OUTPERFORM AT RBC CAPITAL
*TCS GROUP HOLDING PLC RAISED TO OVERWEIGHT AT JPMORGAN
*UNICREDIT RAISED TO SECTOR PERFORM VS UNDERPERFORM AT RBC
*UNITED UTILITIES RAISED FROM NEUTRAL TO OUTPERFORM AT CREDIT SUISSE
>>> Down
*ENEA CUT TO HOLD AT SOCIETE GENERALE
*INTL PERSONAL FIN. CUT TO UNDERPERFORM AT RBC CAPITAL
*ITHACA ENERGY CUT TO HOLD VS BUY AT PEEL HUNT
*PORSCHE CUT TO HOLD VS BUY AT SOCIETE GENERALE
*SCHRODERS CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
>>> PT Change
>>> Initiation
*AMEC FOSTER WHEELER RATED NEW UNDERPERFORM AT JEFFERIES
*PETROFAC RATED NEW HOLD AT JEFFERIES; PT 777P
*SAIPEM RATED NEW HOLD AT JEFFERIES
*SUBSEA 7 RATED NEW UNDERPERFORM AT JEFFERIES; PT NOK54
*TECHNIP RATED NEW BUY AT JEFFERIES; PT EU51
>>> Call