>>> Up
*Aviva Raised to Outperform at RBC, PT 500p
*Bayer Raised to Buy at UBS, PT EU110
*Delta Lloyd Raised to Sector Perform at RBC, PT EU5.80
*Deutsche Post Raised to Outperform at RBC, PT EU33
*Galenica Raised to Buy at UBS, PT CHF1300
*ProSieben Raised to Buy at Bankhaus Lampe, PT EU42
*Rio Tinto Raised to Outperform at Credit Suisse
*Swiss Re Raised to Outperform at RBC, PT CHF110
*Zurich Ins. Raised to Sector Perform at RBC, PT CHF260
>>> Down
*Aldermore Group Cut to Neutral at Macquarie
*Aurubis Cut to Neutral at Credit Suisse
*Boliden Cut to Hold at Deutsche Bank
*BHP Cut to Neutral at Credit Suisse
*Elekta Cut to Underperform at Jefferies, PT SEK57
*Ferrexpo Cut to Underperform at Credit Suisse
*Hiscox Cut to Sector Perform at RBC, PT 1150p
*IG Group Cut to Neutral at Citi, PT 470p
*KAZ Minerals Cut to Neutral at Credit Suisse
*KAZ Minerals Cut to Sell at Deutsche Bank, PT 240p
*NN Cut to Sector Perform at RBC, PT EU30
*PayPoint Cut to Underweight at Barclays, PT 950p
*Remy Cointreau Cut to Sell at Liberum
*Scor Cut to Underperform at RBC, PT EU27.50
*SIG Cut to Underweight at JPMorgan, PT 96p
*Storebrand Cut to Underperform at RBC, PT NOK40
*Tecnicas Reunidas Cut to Hold at Kepler Cheuvreux, PT EU36.60
>>> PT Change
>>> Initiation
*Biffa Rated New Buy at Citi, PT 200p
*Glencore Resumed Hold at Deutsche Bank, PT 300p
*Merlin Reinstated Neutral at Goldman, PT EU11.60
*Nets Rated New Underweight at Barclays, PT DKK104
*Telefonica Resumed Hold at HSBC, PT EU9.10
>>> Call
>> Stock
*BRITISH AMERICAN TOBACCO ADDED TO CITI FOCUS LIST EUROPE