>>> Up
* 3i Raised to Overweight at Morgan Stanley; PT 1,060 pence
* Addiko Raised to Hold at Raiffeisen Centrobank; PT 7.20 euros
* Covestro Raised to Add at Baader Helvea; PT 40 euros
* Elementis Raised to Buy at Jefferies; PT 95 pence
* Ferrexpo Raised to Neutral at JPMorgan; PT 240 pence
* HSBC Raised to Equal-Weight at Morgan Stanley; PT 360 pence
* Philips PT Raised to 58 euros from 55 euros at Commerzbank
* RBI Raised to Buy at Biuro Maklerskie mBanku; PT 17.67 euros
* Thales Raised to Overweight at JPMorgan; PT 88 euros
>>> Down
* Henkel Cut to Sell at Nord/LB; PT 68 euros
* I-RES Cut to Hold at Berenberg; PT 1.50 euros
* Olvi Cut to Hold at SEB Equities; PT 44 euros
>>> Initiation
* Azimut Reinstated Neutral at Goldman; PT 18 euros
* Banca Generali Reinstated Buy at Goldman; PT 30 euros
* FinecoBank Rated New Buy at Goldman; PT 14.80 euros
* Mediolanum Reinstated Neutral at Goldman; PT 7 euros
* Prosus Rated New Buy at Deutsche Bank; PT 105 euros
>>> Call
* 3i Upgraded, Amundi Outlook Clouded by Dividend: Morgan Stanley