>>> Up
*ACACIA MINING RAISED TO BUY AT GMP
*ERSTE RAISED TO BUY VS HOLD AT SOCGEN
*FIDESSA RAISED TO BUY VS NEUTRAL AT UBS
*HAMMERSON RAISED TO BUY VS HOLD AT HSBC
*JUST RETIREMENT GROUP RAISED TO OUTPERFORM AT RBC CAPITAL
*K+S RAISED TO BUY VS HOLD AT HSBC
*LUNDBECK RAISED TO NEUTRAL VS SELL AT GOLDMAN
*OLD MUTUAL RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SALVATORE FERRAGAMO RAISED TO HOLD AT SOCIETE GENERALE
*SHAFTESBURY RAISED TO HOLD VS REDUCE AT HSBC
*SKANSKA RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*SUEZ ENVIRONNEMENT RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*SWEDISH ORPHAN BIOVITRUM RAISED TO NEUTRAL AT GOLDMAN
*THYSSENKRUPP RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*UBS RAISED TO BUY FROM NEUTRAL AT BOFA MERRILL LYNCH
*VILMORIN & CIE RAISED TO HOLD VS SELL AT SOCGEN
*VOLKSWAGEN RATED BUY AT BERENBERG, PT EU150; WAS UNDER REVIEW
>>> Down
*ACTIVE BIOTECH CUT TO NEUTRAL VS BUY AT GOLDMAN
*DIXY CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*MARKS & SPENCER CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*MICHAEL PAGE CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*ORION OYJ CUT TO SELL VS NEUTRAL AT GOLDMAN
*SPORTS DIRECT CUT TO SECTOR PERFORM AT RBC CAPITAL
*TEMENOS CUT TO NEUTRAL VS BUY AT UBS
*TENARIS CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*ZEALAND PHARMA RAISED TO BUY VS NEUTRAL AT GOLDMAN, PT DKR200
>>> PT Change
*ENGIE PT CUT FROM €19.70 to €17.50 AT CREDIT SUISSE
>>> Initiation
*AFG ARBONIA-FORSTER RATED NEW BUY AT BERENBERG, PT CHF10.7
*VOLKSWAGEN RATED BUY AT BERENBERG, PT EU150; WAS UNDER REVIEW
>>> Call
>> Stock
*AEROFLOT ADDED TO GOLDMAN CEEMEA FOCUS LIST