>>> Up
* Aena Upgraded to Outperform at Credit Suisse; PT 167 Euros
* Bodycote Upgraded to Buy at HSBC; PT 11 Pounds
* Brunello Cucinelli Upgraded to Buy at Jefferies; PT 39 Euros
* Eni Upgraded to Buy at BofAML
* Equinor Upgraded to Buy at BofAML
* Eutelsat Upgraded to Buy at Goldman; PT 26 Euros
* Faurecia Upgraded to Hold at Jefferies
* Intertek Upgraded to Buy at Berenberg
* Moncler Raised to Buy at Kepler Cheuvreux; Price Target 41 Euros
* Proximus Upgraded to Overweight at JPMorgan; PT 26 Euros
* Rentokil Upgraded to Buy at Stifel; PT 4.10 Pounds
* SES GDRs Upgraded to Neutral at Goldman; PT 19 Euros
* Tod’s Upgraded at Exane on Communications, Product Revamp
* TomTom Upgraded to Buy at Kepler Cheuvreux; PT 9 Euros
* Veolia Raised to Outperform at Macquarie; Price Target 22 Euros
>>> Down
* Antofagasta Downgraded to Sell at Goldman; PT 7.25 Pounds
* Atrium Ljungberg Cut to Sell at SEB Equities; PT 160 Kronor
* Balder Downgraded to Hold at SEB Equities; PT 255 Kronor
* Clariant Downgraded to Reduce at Bank Vontobel
* Danske Bank Cut to Neutral at Credit Suisse; PT 199 Kroner
* D. Carnegie Cut to Hold at SEB Equities; Price Target 180 Kronor
* Eurofins Scientific Downgraded to Hold at Berenberg
* Galp Downgraded to Neutral at BofAML
* Henkel Downgraded to Market Perform at Raymond James
* Helvetia Downgraded to Hold at Baader Helvea; PT 625 Francs
* Novo Nordisk Cut to Hold at Pareto Securities; PT 305 Kroner
* Royal Mail Downgraded to Sell at Citi
* Scout24 Downgraded to Hold at HSBC; PT 42 Euros
* SkiStar Downgraded to Hold at DNB Markets; PT 259 Kronor
* Tod's Downgraded to Neutral at Credit Suisse; PT 57 Euros
>>> Initiation
* CYBG Rated New Sell at SocGen; PT 2.90 Pounds
* Hella Reinstated at Jefferies With Buy
* Metro Bank Rated New Buy at SocGen; PT 36 Pounds
* Opus Rated New Hold at Kepler Cheuvreux; PT 7 Kronor
* Paragon Rated New Buy at SocGen; PT 6 Pounds