>>> Up
*Gjensidige Raised to Buy at Berenberg, PT NOK146
*Italgas Raised to Buy at Jefferies
*Kone Raised to Hold at HSBC, PT EU41
*Lufthansa Raised to Outperform at Exane, PT EU18
*Puma Raised to Outperform at Macquarie, PT EU385
*Sanofi Raised to Neutral at JPMorgan, PT EU87
*SSE Raised to Buy at Berenberg, PT 1,650p
*TDC Raised to Buy at Berenberg, PT DKK42
>>> Down
*ABB Cut to Sell at UBS, PT CHF21
*AMS Cut to Neutral at UBS, PT CHF60
*Atos Cut to Neutral at MainFirst, PT EU120
*Carrefour Cut to Equal-weight at Barclays
*Dialog Semi Cut to Sell at Bankhaus Lampe
*Lundbeck Cut to Hold at Jefferies
*Lonmin Cut to Underperform at Macquarie, PT ZAR22
*PSP Swiss Cut to Neutral at Kempen & Co, PT CHF90
*Red Electrica Cut to Hold at Jefferies
*Stora Enso Cut to Hold at Pareto Securities, PT EU12
*Terna Cut to Hold at Jefferies
*Tryg Cut to Hold at Berenberg, PT DKK136
*United Utilities Cut to Neutral at Macquarie, PT 1,040p
>>>> Initiation
*CNH Industrial New Hold at Stifel
*Norwegian Air New Underperform at Exane, PT NOK180
*Wizz Air New Neutral at Exane, PT GBP17
>>> Call
>> Stock
*ASTRAZENECA REMOVED FROM TOP MACRO-TO-MICRO STOCKS AT UBS
*LVMH, TESCO ADDED TO TOP MACRO-TO-MICRO STOCKS AT UBS
>> Sector
*EUROPE GENERAL RETAIL CUT TO UNDERWEIGHT VS NEUTRAL AT UBS
*EUROPE CONSUMER DURABLES RAISED TO OVERWEIGHT VS NEUTRAL AT UBS