>>> Up
*CASINO RAISED TO BUY AT HSBC
*COSTAMARE RAISED TO OVERWEIGHT AT JPMORGAN
*INTERTEK RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*UBS RAISED TO SECTOR PERFORM AT RBC
>>> Down
*APPLUS CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*ASSA ABLOY CUT TO HOLD AT HSBC
*COMMERZBANK CUT TO HOLD VS BUY AT DEUTSCHE BANK
*COMMERZBANK CUT TO ADD VS BUY AT ALPHAVALUE
*COMMERZBANK CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*FERREXPO CUT TO HOLD VS BUY AT EXOTIX PARTNERS
*ORANGE BELGIUM CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*PROXIMUS CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*RBS CUT TO REDUCE AT HSBC
*TRELLEBORG CUT TO NEUTRAL VS BUY AT UBS
*TRYG CUT TO NEUTRAL VS BUY AT CITI
*UNITED UTILITIES CUT TO UNDERPERFORM AT RBC
*SEVERN TRENT CUT TO UNDERPERFORM AT RBC
>>> PT Change
>>> Initiation
*AB INBEV RESUMED AT OVERWEIGHT AT MORGAN STANLEY; PT EU135
*ACERINOX RATED NEW UNDERWEIGHT AT JPMORGAN, PT EU11
*APERAM RATED NEW OVERWEIGHT AT JPMORGAN, PT EU47.50
*JULIUS BAER RATED NEW OUTPERFORM AT RBC
*OUTOKUMPU RATED NEW NEUTRAL AT JPMORGAN, PT EU6.40
>>> Call
>> Stock
*ING REMOVED FROM EUROPEAN TOP PICKS AT BARCLAYS
*UNILEVER ADDED TO EUROPEAN TOP PICKS AT BARCLAYS
*SHW ADDED TO ALPHA LIST AT BANKHAUS LAMPE
*SOCGEN ADDED TO EUROPEAN RECOMMENDED PORTFOLIO AT BARCLAYS