>>> Up
*DKSH RAISED TO HOLD VS REDUCE AT HSBC
*G4S RAISED TO OVERWEIGHT VS UNDERWEIGHT AT MORGAN STANLEY
*HANNOVER RE RATED NEW EQUALWEIGHT AT BARCLAYS, PT EU99.7
*MUNICH RE RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*ORDINA RAISED TO BUY VS HOLD AT ING
*RANDGOLD RESOURCES RAISED TO BUY VS NEUTRAL AT UBS
*SPORTS DIRECT RAISED TO BUY VS SELL AT PEEL HUNT
>>> Down
*BRENNTAG CUT TO REDUCE VS HOLD AT HSBC
*BUNZL CUT TO UNDERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*BUNZL CUT TO HOLD VS BUY AT HSBC
*DEBENHAMS CUT TO REDUCE VS HOLD AT HSBC
*INCHCAPE CUT TO NEUTRAL VS OUTPERFORM AT EXANE BNP
*INDITEX CUT TO NEUTRAL VS OUTPERFORM AT EXANE BNP
*KINGFISHER CUT TO NEUTRAL VS OUTPERFORM AT EXANE BNP
*LENZING CUT TO ’HOLD’ AT BAADER-HELVEA
*NOVO NORDISK CUT TO ’NEUTRAL’ AT JPMORGAN
*ROCKHOPPER CUT TO NEUTRAL AT MACQUARIE BEFORE CEASING COVERAGE
*SIGNET CUT TO NEUTRAL VS OUTPERFORM AT EXANE BNP
*SPORTS DIRECT CUT TO UNDERPERFORM VS NEUTRAL AT EXANE BNP
*SUNRISE CUT TO HOLD AT KEPLER CHEUVREUX
*SWISS RE CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*WHITEWAVE FOODS CUT TO MARKET PERFORM AT BERNSTEIN
>>> PT Change
>>> Initiation
*BEIERSDORF RATED NEW SELL AT BERENBERG, PT EU78
*BRENNTAG RATED NEW BUY AT JEFFERIES
*COTY RATED NEW SELL AT BERENBERG, PT $23
*ESTEE LAUDER RATED NEW BUY AT BERENBERG, PT $105
*KBC GROEP RATED NEW OUTPERFORM AT MACQUARIE
*L’OREAL RATED NEW HOLD AT BERENBERG, PT EU172
*SCOR RATED NEW OVERWEIGHT AT BARCLAYS, PT EU31.5
*SUPERGROUP RATED NEW NEUTRAL AT EXANE
>>> Call
>> Stock
*BIOGEN REMOVED FROM SUSTAIN FOCUS LIST AT GOLDMAN
*BORGWARNER REMOVED FROM SUSTAIN FOCUS LIST AT GOLDMAN
*BURBERRY REMOVED FROM SUSTAIN FOCUS LIST AT GOLDMAN
*CENTRICA REMOVED FROM SUSTAIN FOCUS LIST AT GOLDMAN
*FACEBOOK ADDED TO SUSTAIN FOCUS LIST AT GOLDMAN