>>> Up
*Aker BP Raised to Buy at SEB Equities, PT NOK180
*Bankia Raised to Neutral at Goldman
*Berendsen Raised to Outperform at RBC, PT 950p
*Cairn Energy Raised to Buy at Deutsche Bank, PT 275p
*CaixaBank Raised to Buy at Goldman
*Nokia Raised to Overweight at Morgan Stanley
*Nordea Raised to Reduce at AlphaValue
*TGS Raised to Hold at SEB Equities, PT NOK200
*ThyssenKrupp Raised to Outperform at Macquarie
>>> Down
*Banco Popular Cut to Underweight at CaixaBank, PT EU0.80
*Bankinter Cut to Sell at Goldman
*PhotoCure Cut to Hold at Norne Securities, PT NOK50
*Premier Oil Cut to Hold at Deutsche Bank
*SKF Cut to Hold at Berenberg, PT SEK175
*Telefonica Deutschland Cut to Underperform at Macquarie, PT EU3
*Uniper Cut to Hold at SocGen, PT EU13.60
*Zurich Ins. Cut to Reduce at Commerzbank, PT CHF275
>>> PT Change
>>> Initiation
*Philips Rated New Hold at Berenberg, PT EU27
*SCA Resumed Overweight at JPMorgan, PT SEK315
>>> Call
>> Stock
*SANTANDER REMOVED FROM CONVICTION LIST AT GOLDMAN, STAYS BUY