BBAY Citigroup: downgraded to sell from buy
CSR RBS: upgraded to buy from hold
EMG Citigroup: downgraded to hold from buy
FCAM Citigroup: initiated hold
KAZ BarCap: upgraded to equalweight
MKS Nomura: upgraded to buy from neutral
NXT Nomura: downgraded to neutral from buy
STAN BOCI: upgraded to buy from hold
ULVR Shore: buy
VED Cazenove: underperform