>>> European Brokers Upgrades & DOwngrades - 29th of April 2015

>>> Up
*ELI LILLY RAISED TO BUY VS NEUTRAL AT CITI
*JCDECAUX RAISED TO BUY VS SELL AT GOLDMAN
*NYRSTAR RAISED TO BUY VS NEUTRAL AT GOLDMAN
*TULLETT PREBON RAISED TO HOLD VS SELL AT LIBERUM
*VODAFONE RAISED TO BUY VS HOLD AT BERENBERG
*VOLVO RAISED TO NEUTRAL VS SELL AT GOLDMAN

>>> Down
*AHOLD CUT TO MARKETPERFORM VS OUTPERFORM AT BERNSTEIN
*ANTOFAGASTA CUT TO UNDERWEIGHT AT MORGAN STANLEY
*CAP GEMINI CUT TO NEUTRAL AT UBS
*DEUTSCHE BANK CUT TO SELL VS HOLD AT BERENBERG
*RYDER CUT TO NEUTRAL VS BUY AT GOLDMAN

>>> PT Change


>>> Initiation


>>> Call
>> Stock
*SWISSCOM ADDED, ASTRAZENECA REMOVED FROM CITI FOCUS LIST EUROPE
*Jenoptik, Voestalpine Added to Baader-Helvea European Top Picks
>> Sector
*AMERICAS TRUCKING SECTOR CUT TO NEUTRAL AT GOLDMAN