>>> Up
*AB Foods Raised to Buy at Citi, PT 3,400p
*Air France-KLM Raised to Equal-weight at Barclays, PT EU10
*Coach Raised to Buy at Goldman
*Kloeckner Raised to Hold at Baader-Helvea, PT EU10
*Victoria Raised to Buy at Finncap, PT GBP5
>>> Down
*Akzo Nobel Cut to Market Perform at Bernstein, PT EU82
*Card Factory Cut to Neutral at UBS, PT 320p
*Endesa Cut to Underperform at MainFirst, PT EU20
*Fraport Cut to Hold at DZ Bank, PT EU72
*Gem Diamonds Cut to Hold at Liberum, PT 90p
*H&M Cut to Hold at Jefferies, PT SEK235
*Saipem Cut to Hold at Jefferies, PT EU0.38
*Vestas Cut to Neutral at Macquarie
*Vinci Cut to Hold at SocGen
*Zalando Cut to Hold at DZ Bank, PT EU42
>>> Initiation
*Aker BP New Outperform at Exane, PT NOK175
*Sipef New Buy at Berenberg, PT EU82
>>> Call
>> Stock
*ZALANDO REMOVED FROM CONVICTION BUY LIST AT GOLDMAN; STILL BUY