>>> Up
* Akzo Nobel Upgraded to Overweight at Barclays; PT 88 Euros
* Alimak Upgraded to Buy at SEB Equities; PT 144 Kronor
* Burberry Upgraded to Hold at HSBC; PT 19.50 Pounds
* Capgemini Upgraded to Buy at DZ Bank; PT 122 Euros
* Equinor Upgraded to Hold at DZ Bank; PT 220 Kroner
* EVS Broadcast Raised to Buy at Bank Degroof Petercam
* Fielmann Upgraded to Buy at Oddo BHF; PT 62 Euros
* Kion Upgraded to Overweight at JPMorgan; PT 59.50 Euros
* Kone Upgraded to Buy at DNB Markets; Price Target 46 Euros
* Lloyds Upgraded to Neutral at Macquarie
* LVMH Upgraded to Buy at HSBC; PT 325 Euros
* Moncler Upgraded to Buy at HSBC; PT 37 Euros
* Nokia ADRs Upgraded to Buy at Canaccord; PT $7
* PGS Upgraded to Hold at DNB Markets; Price Target 21 Kroner
* PostNL Upgraded to Neutral at Citi
* Raiffeisen Upgraded to Outperform at Mediobanca SpA
* Saint-Gobain Upgraded to Equal-weight at Barclays; PT 36 Euros
* SES-imagotag Raised to Buy at Euroland Corporate; PT 29.70 Euros
* Swatch Upgraded to Buy at HSBC; PT 420 Francs
* William Demant Upgraded to Hold at SEB Equities; PT 220 Kroner
* Worldline Upgraded to Buy at HSBC; Price Target 53 Euros
>>> Down
* AB InBev Downgraded to Hold at Independent Research; PT 75 Euros
* 1&1 Drillisch Downgraded to Neutral at Goldman; PT 45 Euros
* Fiat Chrysler Downgraded to Hold at HSBC
* Hexpol Downgraded to Hold at SEB Equities; PT 86 Kronor
* Salvatore Ferragamo Downgraded to Reduce at HSBC; PT 19 Euros
* Valeo Downgraded to Inline at Evercore ISI; PT 25 Euros
>>> Initiation
* Nanoco Group Rated New Buy at Jefferies; PT 65 Pence
>>> Call