>>>Brokers Upgrades & Downgrades - 1st of October 2014

>>> Up
*BALFOUR BEATTY RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*BMW RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY
*COLOPLAST RAISED TO BUY FROM HOLD AT NORDEA; PT DKK565
*FIRST QUANTUM MINERALS RAISED TO NEUTRAL VS SELL AT CITI
*KUEHNE & NAGEL RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*MTU AERO RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*PANALPINA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*ROYAL MAIL RAISED TO NEUTRAL VS SELL AT UBS
*RUSAL RAISED TO BUY VS HOLD AT SOCGEN
*UNIBAIL-RODAMCO RAISED TO OVERWEIGHT AT HSBC
*VTG RAISED TO BUY VS HOLD AT BERENBERG

>>> Down
*DAILY MAIL CUT TO EQUALWEIGHT VS OVERWEIGHT AT MORGAN STANLEY
*DSV CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*GALP ENERGIA CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*LIBERTY HOLDINGS CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE


>>> PT changes


>>> Initiation
*AKER SOLUTIONS RATED NEW BUY AT GOLDMAN, PT NOK77.5
*AKER SOLUTIONS RATED NEW SELL AT UBS, PT NK60
*EUTELSAT REINSTATED NEUTRAL AT BOFAML, PT EU30
*FACC AG RATED NEW BUY AT UBS, PT EU9.5
*SES REINSTATED BUY AT BOFAML, PT EU35
*SSP RATED NEW OVERWEIGHT AT JPMORGAN, PT 300P
*ZOOPLA RATED NEW NEUTRAL AT GOLDMAN, PT 242P

>>> Call
>> Stock
*EDENRED ADDED TO UBS MOST PREFERRED LIST
*SODEXO ADDED TO UBS LEAST PREFERRED LIST