>>> Up
*AFRICA OIL RAISED TO OVERWEIGHT AT BARCLAYS
*ASSA ABLOY RAISED TO BUY VS NEUTRAL AT GOLDMAN
*BASF RAISED TO BUY VS NEUTRAL AT UBS
*CRODA RAISED TO BUY VS SELL AT UBS
*FLSMIDTH RAISED TO BUY VS NEUTRAL AT GOLDMAN
*JOHN MENZIES RAISED TO ADD VS HOLD AT PEEL HUNT
*SCHNEIDER RAISED TO CL-BUY VS NEUTRAL AT GOLDMAN
*SYMRISE RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*ABERDEEN CUT TO UNDERPERFORM AT RBC
*AIR LIQUIDE CUT TO SELL VS NEUTRAL AT UBS
*APPLUS SERVICES CUT TO ’NEUTRAL’ AT EXANE BNP PARIBAS
*BARLOWORLD CUT TO NEUTRAL VS OUTPERFORM AT MACQUARIE
*DUERR RATED NEW SELL AT GOLDMAN, PT EU60
*FINECOBANK CUT TO NEUTRAL VS OUTPERFORM AT MEDIOBANCA
*METSO CUT TO SELL VS NEUTRAL AT GOLDMAN
*SMITH & NEPHEW CUT TO HOLD VS BUY AT BERENBERG
*TESCO CUT TO NEUTRAL VS OUTPERFORM AT EXANE
>>> PT Change
>>> Initiation
*ANDRITZ RATED NEW NEUTRAL AT GOLDMAN, PT EU46
*DUERR RATED NEW SELL AT GOLDMAN, PT EU60
*ELECTROLUX RATED NEW CONVICTION BUY AT GOLDMAN; PT SEK280
*GEA RATED NEW NEUTRAL AT GOLDMAN, PT EU52
*GKN RATED NEW ’BUY’ AT HSBC
*HOLMEN RATED NEW SELL AT DNB MARKETS, PT SEK290
*METSA BOARD RATED NEW BUY AT DNB MARKETS, PT EU5.90
*SUNRISE RATED NEW BUY AT JEFFERIES; PT CHF88
*SWISSCOM RATED NEW HOLD AT JEFFERIES; PT CHF449
>>> Call
>> Stock
*ELECTROLUX RATED NEW CONVICTION BUY AT GOLDMAN; PT SEK280
*SCHNEIDER RAISED TO CL-BUY VS NEUTRAL AT GOLDMAN
>> Sector
*EUROPE EX-U.K. RAISED TO NEUTRAL VS UNDERWEIGHT AT CITI
*EUROPEAN TELECOMS CUT TO NEUTRAL AT CITI
*EUROPEAN BANKS RAISED TO OVERWEIGHT VS NEUTRAL AT CITI