>>> Up
*AXEL SPRINGER RAISED TO OVERWEIGHT VS NEUTRAL AT JPMORGAN
*CGG RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*DSV RAISED TO OUTPERFORM FROM NEUTRAL AT DAVY; PT DK350
*KUEHNE+NAGEL RAISED TO OUTPERFORM AT DAVY; PT CHF160
*MAXIM INTEGRATED RAISED TO OUTPERFORM AT RBC CAPITAL
*MOBISTAR RAISED TO BUY VS NEUTRAL AT NOMURA
*PALFINGER RAISED TO HOLD VS REDUCE AT HSBC
*PETROLEUM GEO-SERVICES RAISED TO BUY AT GOLDMAN
*PEUGEOT RAISED TO HOLD VS SELL AT BERENBERG
*PROXIMUS RAISED TO NEUTRAL VS REDUCE AT NOMURA
*TGS NOPEC RAISED TO NEUTRAL AT GOLDMAN
*UMICORE RAISED TO REDUCE VS SELL AT ALPHAVALUE
>>> Down
*CGG CUT TO SELL AT GOLDMAN
*ELEMENTIS CUT TO HOLD VS BUY AT BERENBERG
*EXPERIAN CUT TO REDUCE VS BUY AT HSBC
*LAFARGEHOLCIM CUT TO SELL VS HOLD AT BERENBERG
*ORKLA CUT TO HOLD FROM BUY AT SEB; PT NOK76
*PROSAFE CUT TO SELL AT NORDEA
*TOMRA CUT TO SELL FROM HOLD AT SEB, PT NOK80
>>> PT Change
>>> Initiation
*ADP RESUMED NEUTRAL AT NOMURA
*AENA RATED NEW BUY AT NOMURA
*AROUNDTOWN PROPERTY RATED NEW BUY AT BANKHAUS LAMPE, PT EU5.20
*EUROTUNNEL RESUMED BUY AT NOMURA, PT EU12
*FERRARI NV RATED NEW REDUCE AT KEPLER CHEUVREUX
*FRAPORT RESUMED NEUTRAL AT NOMURA
*JACK IN THE BOX RATED NEW HOLD AT EVERCORE ISI
*POPULAR RATED NEW OVERWEIGHT AT PIPER JAFFRAY
*SLM SOLUTIONS RATED NEW BUY AT HSBC, PT EU30
*TELENET RATED NEW EQUALWEIGHT AT MORGAN STANLEY, PT EU50.3
>>> Cal
>> Stock
*AURELIUS, DAETWYLER, EMMI REMOVED FROM BAADER-HELVEA TOP PICKS
*VONTOBEL ADDED TO BAADER-HELVEA TOP PICKSl