>>> Up
* ABB Upgraded to Buy at HSBC; PT 25 Francs
* Fresenius SE Upgraded to Outperform at MainFirst; PT 52 Euros
* Informa Upgraded to Overweight at JPMorgan; PT 8.12 Pounds
* Norwegian Air Upgraded to Hold at HSBC; PT 200 Kroner
* RSA Upgraded to Buy at Jefferies; PT 6.06 Pounds
* Serco Upgraded to Sector Perform at RBC
* Smith & Nephew Raised to Overweight at Morgan Stanley
* Spire Healthcare Raised to Overweight at Morgan Stanley
* Straumann Raised to Overweight at Morgan Stanley; PT 850 Francs
* Vopak Upgraded to Outperform at Macquarie; PT 45 Euros
>>> Down
* Fresenius SE Cut to Equal-weight at Morgan Stanley; PT 45 Euros
* Givaudan Downgraded to Neutral at JPMorgan; PT 2,400 Francs
* Mediaset Downgraded to Underweight at JPMorgan; PT 2 Euros
* Mediaset Espana Downgraded to Neutral at JPMorgan; PT 6.90 Euros
* Meyer Burger Cut to Underperform at Credit Suisse; PT 0.55 Franc
* RTL Downgraded to Neutral at JPMorgan; PT 56 Euros
* Symrise Downgraded to Underweight at JPMorgan; PT 56 Euros
* Unilever GDRs Cut to Underweight at JPMorgan; PT 44.50 Euros
>>> Initiation
* Cellnex Resumed at Citi With Neutral
* Funding Circle Holdings Rated New Neutral at Citi
>>> Call