>>> Up
*ACACIA MINING RAISED TO BUY VS NEUTRAL AT UBS
*ACERINOX RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*ACHILLION RAISED TO MARKET OUTPERFORM AT JMP SECURITIES
*BHP RAISED TO HOLD FROM LIGHTEN AT ORD MINNETT; PT A$19
*DAVIDSTEA INC RAISED TO OUTPERFORM AT BMO CAPITAL MARKETS
*GAS NATURAL RAISED TO ’OUTPERFORM’ AT MACQUARIE
*JD WETHERSPOON RAISED TO BUY AT CITI
*LAND SECURITIES RAISED TO ’OVERWEIGHT’ AT BARCLAYS
*METROPOLE TELEVISION SA RAISED TO ’BUY’ AT ODDO & CIE
*MOL RAISED TO BUY AT HSBC
*PARAMOUNT RESOURCES RAISED TO EQUALWEIGHT AT BARCLAYS
*SERCO RAISED TO HOLD AT HSBC
*TECNICAS REUNIDAS RAISED TO BUY AT CITI
*TF1 RAISED TO ’BUY’ AT ODDO & CIE
*WIENERBERGER RAISED TO BUY VS HOLD AT BERENBERG
>>> Down
*APERAM CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BAT CUT TO HOLD VS BUY AT BERENBERG
*BROADRIDGE FINANCIAL CUT TO EQUALWEIGHT AT BARCLAYS
*CAPITA CUT TO HOLD AT HSBC
*CNP ASSURANCES CUT TO ’UNDERPERFORM’ AT EXANE BNP PARIBAS
*FRESNILLO CUT TO HOLD AT HSBC
*FRESNILLO CUT TO SELL VS NEUTRAL AT UBS
*HAYS CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*INVESTORS REAL ESTATE CUT TO NEUTRAL AT ROBERT BAIRD
*MARSTONS CUT TO SELL VS BUY AT CITI
*MITCHELLS & BUTLERS CUT TO NEUTRAL VS BUY AT CITI
*UK HOMEBUILDING CUT TO NEUTRAL VS POSITIVE AAT BARCLAYS
*WESTERN UNION CUT TO UNDERWEIGHT AT BARCLAYS
*YUME INC CUT TO UNDERWEIGHT AT BARCLAYS
>>> PT Changhe
>>> Initiation
*ABLYNX RATED NEW BUY AT HSBC
*AGREE REALTY CORP. RATED NEW BUY AT STIFEL
*AUTO TRADER RATED NEW NEUTRAL AT CREDIT SUISSE; PT 350P
*EMPIRE RATED NEW SECTOR PERFORM AT RBC CAPITAL
*ESSILOR REINSTATED AT BUY AT BOFAML; PT EU140
*GENMAB RATED NEW REDUCE AT HSBC, PT DKK613
*GREENYARD FOODS RATED NEW BUY AT BERENBERG; PT EU17.50
*INGEVITY RATED NEW OVERWEIGHT AT KEYBANC
*JUST EAT RATED NEW OUTPERFORM AT CREDIT SUISSE; PT 560P
*LUXOTTICA REINSTATED AT UNDERPERFORM AT BOFAML; PT EU37
*MATADOR RESOURCES RATED NEW OUTPERFORM AT WELLS FARGO
*MORPHOSYS RATED NEW HOLD AT HSBC
>>> Call
>> Sector
*TELECOM STOCKS RAISED TO OVERWEIGHT AT CITI
*CONSUMER STAPLES STOCKS RAISED TO NEUTRAL AT CITI
*CONSUMER DISCRETIONARY STOCKS CUT TO UNDERWEIGHT AT CITI
>> Country
*EUROPE EX UK EQUITIES CUT TO UNDERWEIGHT AT CITI
*JAPAN EQUITIES RAISED TO NEUTRAL AT CITI