** UPS & DOWNS **

+ BNP PARIBAS PRICE ESTIMATE RAISED TO EU75 FROM EU65 AT ING
+ SUEZ RAISED TO `BUY’ FROM `HOLD’ AT DEUTSCHE BANK
+ BANCO POPULAR RAISED TO `NEUTRAL’ AT CREDIT SUISSE
+ VEDIOR PRICE ESTIMATE RAISED TO EU17.5 AT GOLDMAN SACHS
+ RANDSTAD PRICE ESTIMATE RAISED 23% TO EU51 AT GOLDMAN SACHS
+ LAFARGE PRICE EST. RAISED 11% TO EU100 AT CREDIT SUISSE
+ ADECCO PRICE ESTIMATE RAISED 20% TO SF90 AT GOLDMAN SACHS

– THOMSON CUT TO `EQUAL-WEIGHT’ AT MORGAN STANLEY – GENERALE DE SANTE CUT TO `NEUTRAL’ VS `OVERWEIGHT’ AT JPMORGAN – PALM CUT TO `UNDERWEIGHT’ AT LEHMAN – VEOLIA CUT TO `NEUTRAL’ FROM `BUY’ AT MERRILL LYNCH