>>> Up
*BAT Raised to Buy at Berenberg, PT 5670p
*Betsson Raised to Neutral at Swedbank, PT SEK85
*DNO Raised to Buy at Nordea Securities, PT NOK9.50
*HeidelbergCement Raised to Buy at Berenberg, PT EU103.60
*Novartis Raised to Outperform at Main First Bank AG, PT CHF90
*Orkla Raised to Buy at Arctic Securities, PT NOK81
*Osram Raised to Equal-Weight at Barclays
*Pennon Raised to Buy at SocGen, PT 940p
*Sabadell Raised to Equal-Weight at Morgan Stanley, PT EU1.40
*Sage Raised to Outperform at Exane
*Sartorius Raised to Buy at M.M. Warburg
*SEB Raised to Reduce at AlphaValue
>>> Down
*Beijer Alma Cut to Hold at Nordea Securities, PT SEK266
*Enea Cut to Hold at SEB Equities, PT SEK102
*Gjensidige Cut to Sell at Citi, PT NOK122
*Henderson Group Cut to Neutral at Credit Suisse
*ING Cut to Hold at Santander, PT EU14.50
*KORIAN Cut to Add at Portzamparc, PT EU31
*Norsk Hydro Cut to Sell at Pareto Securities, PT NOK42
*Novozymes Cut to Neutral at JPMorgan, PT DKK266
*Orkla Cut to Reduce at Swedbank, PT NOK74
*Ryanair Cut to Hold at Kepler Cheuvreux
*TomTom Cut to Add at AlphaValue
*Veidekke Cut to Hold at DNB Markets, PT NOK130
*Zurich Ins. Cut to Underperform at Macquarie, PT CHF233
>>> PT Change
>>> Initiation
*DNA Rated New Overweight at Barclays, PT EU14
>>> Call