>>> Up
*Ariad Raised to Equal-Weight at Barclays, PT $24
*Atlas Copco Raised to Buy at SocGen, PT SEK335
*Faurecia Raised to Outperform at Exane, PT EU45
*GKN Raised to Buy at SocGen, PT 400p
*Renault Raised to Outperform at Exane, PT EU99
*Richemont Raised to Overweight at Morgan Stanley, PT CHF78
*SCA Raised to Buy at Swedbank, PT SEK285
*Shell Raised to Outperform at BMO
*SKF Raised to Hold at SocGen, PT SEK170
*Sonova Raised to Outperform at Main First Bank AG, PT CHF143
*Terna Raised to Outperform at Macquarie, PT EU4.70
*Tullow Raised to Speculative Buy at GMP, PT 2.90p
*Vodafone Raised to Buy at Goldman
*Whitbread Raised to Outperform at Credit Suisse
*William Demant Raised to Neutral at Main First Bank AG
>>> Down
*3i Cut to Neutral at Macquarie, PT GBP7.42
*Air France Cut to Underweight at Barclays
*BP Cut to Market Perform at BMO
*Deutsche Telekom Cut to Neutral at Goldman
*Elior Group Cut to Neutral at Credit Suisse
*GN Cut to Neutral at Main First Bank AG, PT DKK160
*Michelin Cut to Neutral at Exane, PT EU108
*Wienerberger Cut to Hold at Berenberg
>>> PT Change
>>> Initiation
*Innogy Rated New Outperform at Bernstein, PT EU38.50
*JERONIMO MARTINS RATED NEW ’BUY’ AT COMMERZBANK
*Vivendi Rated New Underperform at Credit Suisse, PT EU16.60
>>> Call
>> Stock
*SAIPEM REMOVED FROM CONVICTION LIST AND FOCUS LIST: GOLDMAN