>>> Up
*ALPHA BANK RAISED TO BUY VS NEUTRAL AT GOLDMAN (Note Attached)
*ALFA LAVAL RAISED TO BUY VS NEUTRAL AT UBS
*BETFAIR RAISED TO NEUTRAL VS REDUCE AT NOMURA
*COLOPLAST RAISED TO EQUAL-WEIGHT VS UNDERWEIGHT: MORGAN STANLEY
*ESSILOR RAISED TO EQUAL-WEIGHT VS UNDERWEIGHT: MORGAN STANLEY
*FORTUM RAISED TO HOLD VS SELL AT BERENBERG
*SMITH & NEPHEW RAISED TO EQUAL-WEIGHT AT MORGAN STANLEY
*TIE KINETIX RAISED TO ACCUMULATE AT SNS; PT AT EU10.75
*UNILEVER RAISED TO NEUTRAL VS UNDERPERFORM AT CREDIT SUISSE
>>> Down
*CARNIVAL CUT TO HOLD VS ADD AT NUMIS
*DANAHER CUT TO NEUTRAL VS BUY AT GOLDMAN
*DANSKE BANK RATED NEW BUY AT JEFFERIES, PT DKK237
*ELECTROLUX CUT TO SELL VS HOLD AT NORDEA
*ENTERTAINMENT ONE CUT TO REDUCE VS HOLD AT PEEL HUNT
*GAS NATURAL CUT TO UNDERPERFORM AT RBC CAPITAL
*GERRESHEIMER CUT TO UNDERWEIGHT VS EQUALWEIGHT: MORGAN STANLEY
*IHG CUT TO HOLD VS BUY AT BERENBERG
*INDUTRADE AB CUT TO HOLD AT NORDEA
*JD SPORTS CUT TO ADD VS BUY AT PEEL HUNT
*ELEKTA CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*METSO CUT TO SELL VS NEUTRAL AT UBS
*O’KEY GROUP CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*ROLLS-ROYCE CUT TO UNDERPERFORM VS MARKETPERFORM AT BERNSTEIN
*SEB RATED NEW BUY AT JEFFERIES, PT SEK106
*SONOVA CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*SVENSKA HANDELSBANKEN RATED NEW HOLD AT JEFFERIES, PT SEK121
*SWEDBANK RATED NEW UNDERPERFORM AT JEFFERIES, PT SEK170
>>> PT Call
>>> Initiation
*ACCOR RATED NEW BUY AT BERENBERG, PT EU47
*DNB RATED NEW UNDERPERFORM AT JEFFERIES, PT NOK99.00
*MELIA HOTELS RATED NEW HOLD AT BERENBERG, PT EU11
*MILLENNIUM AND COPTHORNE RATED NEW HOLD AT BERENBERG, PT 470P
*NH HOTEL GROUP RATED NEW HOLD AT BERENBERG, PT EU4.70
*NORDEA BANK RATED NEW HOLD AT JEFFERIES
*NORMA RATED HOLD AT BERENBERG, PT EU56; WAS UNDER REVIEW
>>> Call
* Citi Sees ~20% Total Return for European Stocks to End-2016