>>> Europe : Brokers Upgrades & Downgrades - 7th of October 2016

>>> Up
*ANGLO PACIFIC RAISED TO BUY VS UNDERPERFORM AT BOFAML
*DIALOG SEMICONDUCTOR RAISED TO OVERWEIGHT AT MORGAN STANLEY
*DNB ASA RAISED TO OVERWEIGHT AT JPMORGAN
*SCOUT24 AG RAISED TO OVERWEIGHT AT JPMORGAN

>>> Down
*ACTELION CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*AVEVA GROUP CUT TO NEUTRAL VS BUY AT UBS
*EASYJET CUT TO NEUTRAL VS BUY AT BOFAML
*CENTRICA CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*EDENRED CUT TO NEUTRAL VS BUY AT UBS
*FIDESSA GROUP CUT TO SELL VS NEUTRAL AT UBS
*HAYS CUT TO NEUTRAL VS BUY AT UBS
*OSRAM LICHT CUT TO HOLD VS BUY AT BANKHAUS LAMPE
*SWEDBANK CUT TO NEUTRAL AT JPMORGAN

>>> PT Change


>>> Initiation
*BANCA TRANSILVANIA RATED NEW BUY AT CITI; PT RON2.94
*DS SMITH RATED NEW OVERWEIGHT AT BARCLAYS; PT 465P
*INNOGY RATED NEW OUTPERFORM AT MACQUARIE, PT EU41
*NOVOZYMES RATED NEW HOLD AT DEUTSCHE BANK; PT DKK300
*WESSANEN RATED NEW BUY AT BERENBERG, PT EU15

>>> Call
>> Stock
*RALPH LAUREN ADDED TO CONVICTION LIST AT GOLDMAN