>>> Up
* ASML Raised to Add at AlphaValue
* Barclays Raised to Hold at Berenberg
* GAM Holding Raised to Neutral at MedioBanca, PT CHF15.30
* Saint-Gobain Raised to Buy at Berenberg
* Telefonica Raised to Equal-weight at Barclays
>>> Down
* Allianz Cut to Sector Perform at RBC, PT EU200
* Fresnillo Cut to Neutral at Credit Suisse, PT GBP14.61
* Infineon Cut to Hold at DZ Bank, PT EU23.40
* Sipef Cut to Hold at Bank Degroof Petercam, PT EU66
* SSAB Cut to Neutral at Credit Suisse
* Suess MicroTec Cut to Hold at DZ Bank, PT EU17
* WH Smith Cut to Hold at Stifel, PT GBP21.50
>>> Initiation
* Kering New Buy at Jefferies, PT EU425
* VTG New Buy at Kepler Cheuvreux, PT EU56
>>> Call