>>> EUrope : Brokers Upgrades & Downgrades - 6th of May 2016

>>> Up
*ADVANCE AUTO PARTS RAISED TO BUY VS NEUTRAL AT GOLDMAN
*AUTOGRILL RAISED TO NEUTRAL AT JPMORGAN
*SAIPEM RAISED TO NEUTRAL VS UNDERPERFORM AT MACQUARIE
*SCHIBSTED RAISED TO NEUTRAL VS SELL AT CITI
*TAV RAISED TO BUY AT BOFAML

>>> Down
*AZIMUT CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*CENTRICA CUT TO NEUTRAL VS BUY AT CITI
*CORENERGY INFRASTRUCTURE CUT TO SECTOR PERFORM AT RBC
*KUKA CUT TO REDUCE VS HOLD AT KEPLER CHEUVREUX
*MAN GROUP CUT TO SELL VS BUY AT CITI
*MICHAELS COS CUT TO NEUTRAL VS BUY AT GOLDMAN
*POEYRY CUT TO HOLD AT NORDEA
*SALVATORE FERRAGAMO CUT TO UNDERPERFORM AT RBC CAPITAL
*WEATHERFORD CUT TO MARKET PERFORM VS OUTPERFORM AT WELLS FARGO

>>> PT Change


>>> Initiation
*EURONEXT RATED NEW BUY AT CITI; PT EU44
*MEDICLINIC RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT 900P
*SHIRE RATED NEW BUY AT LIBERUM, PT 4,700P
*SPEEDY HIRE RATED NEW BUY AT LIBERUM, PT 49P
*STEINHOFF RATED NEW OUTPERFORM AT CREDIT SUISSE; PT EU6
*WORLDPAY GROUP PLC RATED NEW NEUTRAL AT JPMORGAN

>>> Call