>>> Up
* AngloGold ADRs Upgraded to Outperform at BMO; PT $21
* B&M European Upgraded to Overweight at JPMorgan; PT 3.90 Pounds
* Europris Upgraded to Buy at SEB Equities; Price Target 30 Kroner
* Flughafen Wien Upgraded to Buy at HSBC; PT 42 Euros
* Grifols Upgraded to Overweight at JPMorgan; PT 20 Euros
* Grifols ADRs Upgraded to Overweight at JPMorgan; PT $22.50
* Kainos Upgraded to Hold at Panmure Gordon; PT 5.30 Pounds
* Nilfisk Upgraded to Buy at ABG; PT 230 Kroner
* Retail Estates Upgraded to Buy at Kepler Cheuvreux; PT 85 Euros
* TomTom Raised to Equal-weight at Barclays; PT Set to 9.50 Euros
>>> Down
* Abcam Downgraded to Add at Peel Hunt
* Aeroports de Paris Downgraded to Reduce at HSBC; PT 135 Euros
* Carlsberg Downgraded to Sell at Citi
* Chr. Hansen Downgraded to Underweight at JPMorgan; PT 570 Kroner
* Continental Downgraded to Sell at Bankhaus Lampe
* Ebro Foods Downgraded to Market Perform at BBVA; PT 20.20 Euros
* Outokumpu Downgraded to Sell at SEB Equities; PT 2 Euros
* Rio Tinto Downgraded to Market Perform at BMO; PT 47.50 Pounds
* Senior Downgraded to Equal-weight at Barclays; PT 2.10 Pounds
* SOITEC Downgraded to Hold at Jefferies; PT 101 Euros
>>> Initiation
* Andritz Rated New Equal-weight at Morgan Stanley; PT 40 Euros
* Eckoh Rated New Buy at Panmure Gordon; PT 60 Pence
* Mercia Tech Rated New Buy at Panmure Gordon; PT 49 Pence
* Paypoint Rated New Buy at Panmure Gordon; PT 12.57 Pounds
* SDL Rated New Buy at Panmure Gordon; PT 6.24 Pounds
* Stemmer Imaging Rated New Buy at Berenberg; PT 39 Euros
* Trelleborg Rated New Equal-weight at Morgan Stanley
* Ubisoft Rated New Overweight at Consumer Edge Research
* Valmet Rated New Equal-weight at Morgan Stanley; PT 24 Euros
>>> Call
* Carlsberg to Sell, Estimates Lowered at Citi on Weather Issues
* Continental AG Forecast Now Seems Optimistic, Cut to Sell: Lampe