>>> Up
*AMADEUS ADDED TO CONVICTION BUY LIST AT GOLDMAN
*BABCOCK ADDED TO CONVICTION BUY LIST AT GOLDMAN
*ELI LILLY RAISED TO OVERWEIGHT AT JPMORGAN
*EXPERIAN RAISED TO BUY VS NEUTRAL AT GOLDMAN
*GERDAU RAISED TO BUY AT SANTANDER
*KINEPOLIS RAISED TO BUY FROM HOLD AT ING
*NESTLE RAISED TO TOP PICK AT RBC CAPITAL
*RIO TINTO RAISED TO OUTPERFORM AT RBC CAPITAL
*RSA INSURANCE RAISED TO BUY VS HOLD AT HSBC
*SANOFI RAISED TO BUY VS HOLD AT BERENBERG
*SES RAISED TO BUY VS NEUTRAL AT CITI
*USIMINAS RAISED TO HOLD AT SANTANDER
>>> Down
*ABBVIE CUT TO NEUTRAL AT JPMORGAN
*APPLE CUT TO MARKET PERFORM AT WELLS FARGO
*ARCAM CUT TO ’HOLD’ AT CANACCORD GENUITY
*COMMERZBANK CUT TO HOLD AT SANTANDER
*GALP ENERGIA SGPS CUT TO MARKET PERFORM AT BERNSTEIN
*HASTINGS GROUP CUT TO REDUCE VS HOLD AT HSBC
*POSTE ITALIANE CUT TO NEUTRAL AT GOLDMAN
*PROSEGUR CUT TO NEUTRAL AT GOLDMAN
*REPSOL SA CUT TO UNDERPERFORM AT BERNSTEIN
*SOFTWARE AG CUT TO HOLD AT HSBC
*TOTAL CUT TO MARKET PERFORM AT BERNSTEIN
*TF1 CUT TO NEUTRAL AT JPMORGAN
>>> PT Change
>>> Initiation
*GROUPE FNAC RATED NEW BUY AT UBS; PT EU85
*HANNON ARMSTRONG RATED NEW OVERWEIGHT AT BARCLAYS
*HENKEL RESUMED AT UNDERPERFORM AT CREDIT SUISSE; PT EU105
>>> Call
>> Stock
*AMADEUS ADDED TO CONVICTION BUY LIST AT GOLDMAN
*BABCOCK ADDED TO CONVICTION BUY LIST AT GOLDMAN
>> Country
*BRAZIL STOCKS CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
*SOUTH AFRICA STOCKS RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC