>>> Europe : Brokers Upgrades & Downgrades - 9th of December 201

>>> Up
*AstraZeneca Raised to Outperform at Leerink, PT $34
*CaixaBank Raised to Outperform at RBC, PT EU3.40
*Derwent London Raised to Outperform at Credit Suisse, PT 2770p
*Essilor Raised to Overweight at Morgan Stanley, PT EU113
*Fingerprint Cards Raised to Hold at Nordea Securities, PT SEK71
*GEA Group Raised to Overweight at JPMorgan, PT EU40.90
*Glencore Raised to Add at AlphaValue
*Novozymes Raised to Overweight at JPMorgan, PT DKK240
*Paddy Power Raised to Hold at Berenberg, PT 8300p
*Smith & Nephew Raised to Overweight at Morgan Stanley, PT 1301p
*Straumann Raised to Overweight at Morgan Stanley, PT CHF439

>>> Down
*ABN Amro Cut to Sector Perform at RBC, PT EU21.50
*Atlas Copco Cut to Neutral at JPMorgan, PT SEK290
*Barclays Cut to Underperform at BofAML, PT 220p
*Capita Cut to Hold at Stifel, PT 500p
*Getinge Cut to Underweight at Morgan Stanley, PT SEK132
*Sandvik Cut to Underweight at JPMorgan, PT SEK99
*Senvion Cut to Neutral at JPMorgan, PT EU14.40
*Shaftesbury Cut to Underperform at Credit Suisse, PT 895p
*Talgo Cut to Neutral at JPMorgan, PT EU5.20
*Technotrans Cut to Hold at HSBC, PT EU27
*Weir Cut to Neutral at JPMorgan, PT 1775p
*William Demant Cut to Equal-Weight at Morgan Stanley, PT DKK128

>>> PT Change


>>> Initiation
*Austrian Post Rated New Hold at HSBC, PT EU30.40
*Bpost Rated New Buy at HSBC, PT EU23.70
*Deutsche Post Rated New Buy at HSBC, PT EU35.50
*Hapag-Lloyd Rated New Buy at Hauck & Aufhaeuser, PT EU30
*PostNL Rated New Hold at HSBC, PT EU4.10
*Royal Mail Rated New Hold at HSBC, PT GBP5.13

>>> Call
>> Sector
*EUROPEAN AUTOS RAISED TO BENCHMARK AT DEUTSCHE BANK
*EUROPE CONSTR. MATERIALS CUT TO UNDERWEIGHT AT DEUTSCHE BANK
*EUROPE FOOD & BEVERAGE RAISED TO BENCHMARK AT DEUTSCHE BANK