>>> Up
*AURELIUS RAISED TO BUY VS HOLD AT BERENBERG
*BEFIMMO RAISED TO NEUTRAL AT EXANE BNP PARIBAS
*BOYD GAMING RAISED TO OVERWEIGHT AT JPMORGAN
*CASINO RAISED TO BUY VS HOLD AT HSBC
*CNP ASSURANCES RAISED TO HOLD AT HSBC
*CONTINENTAL AG RAISED TO OVERWEIGHT AT JPMORGAN
*ELEMENTIS RAISED TO BUY VS NEUTRAL AT BOFA
*GALP ENERGIA RAISED TO OVERWEIGHT VS UNDERWEIGHT AT JPMORGAN
*GECINA RAISED TO OUTPERFORM AT EXANE BNP PARIBAS
*GKN RAISED TO BUY VS UNDERPERFORM AT BOFA
*GN STORE NORD RAISED TO BUY AT JEFFERIES
*LENZING RAISED TO NEUTRAL VS SELL AT CITI
*MEDIASET ESPANA COM RAISED TO HOLD VS SELL AT BERENBERG
*SEGRO RAISED TO OUTPERFORM AT EXANE BNP PARIBAS
*SHAFTESBURY RAISED TO NEUTRAL AT EXANE BNP PARIBAS
*SIEMENS RAISED TO EQUAL WEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*STANDARD LIFE RAISED TO BUY AT HSBC
*TESCO RAISED TO OVERWEIGHT VS EQUAL WEIGHT AT BARCLAYS
*VIENNA INSURANCE RAISED TO BUY AT HSBC
*VOLVO B RAISED TO BUY VS NEUTRAL AT UBS
>>> Down
*AIR FRANCE-KLM CUT TO SELL VS NEUTRAL AT UBS
*ALTAREA COGEDIM CUT TO HOLD VS BUY AT SOCGEN
*ARKEMA CUT TO NEUTRAL VS BUY AT BOFA
*ATOS CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*BHP BILLITON PLC CUT TO NEUTRAL VS OUTPEFORM AT MACQUARIE
*CAPITAL & COUNTIES CUT TO NEUTRAL AT EXANE BNP PARIBAS
*CEGEREAL CUT TO NEUTRAL AT EXANE BNP PARIBAS
*DERWENT LONDON CUT TO UNDERPERFORM AT EXANE BNP PARIBAS
*FCA CUT TO SELL VS HOLD AT SOCGEN
*FONCIERE DES REGIONS CUT TO HOLD VS BUY AT SOCGEN
*IGD CUT TO HOLD VS BUY AT SOCGEN
*INTU PROPERTIES CUT TO SELL VS HOLD AT SOCGEN
*INTU PROPERTIES PLC CUT TO UNDERPERFORM AT EXANE BNP PARIBAS
*LANXESS CUT TO UNDERPERFORM VS NEUTRAL AT BOFA
*LEONI CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*LUNDIN PETROLEUM CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*MARKS & SPENCER CUT TO SELL VS HOLD AT BERENBERG
*MEAD JOHNSON CUT TO UNDERPERFORM AT CLSA
*NEMETSCHEK CUT TO HOLD VS BUY AT BERENBERG
*NOKIAN RENKAAT CUT TO UNDERWEIGHT VS NEUTRAL AT JPMORGAN
*POUNDLAND CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*SOLVAY CUT TO UNDERPERFORM VS NEUTRAL AT BOFA
*SYNTHOMER CUT TO NEUTRAL VS BUY AT BOFA
*TERNA CUT TO UNDERPERFORM AT EXANE BNP PARIBAS
*VOLVO CUT TO UNDERWEIGHT AT JPMORGAN
*WDP CUT TO UNDERPERFORM AT EXANE BNP PARIBAS
>>> PT Change
>>> Initiation
*AMUNDI RATED NEW BUY AT KEPLER CHEUVREUX
*INVESTOR RATED NEW BUY AT HSBC; PT SEK350
*EUROPE BUSINESS SERVICES VIEW SET AT NEUTRAL AT NOMURA
*SAP RATED NEW MARKET PERFORM AT BMO CAPITAL, PT $84