>>> Up
* Euromoney Raised to Buy at Peel Hunt
* IAG Raised to Buy at SocGen; PT 660 pence
* IMI Raised to Buy at Citi
* Naturgy Raised to Market Perform at Bernstein; PT 23 euros
* SSP Raised to Overweight at Morgan Stanley; PT 760 pence
* Subsea 7 Raised to Overweight at JPMorgan; PT 128 kroner
>>> Down
* Airbus Cut to Hold at Jefferies; PT 120 euros
* Antofagasta Cut to Hold at Jefferies; PT 950 pence
* Banco Santander Cut to Hold at Deutsche Bank
* Bechtle Cut to Hold at HSBC; PT 120 euros
* Electrolux Cut to Sell at Citi
* Genmab Cut to Hold at DNB Markets; PT 1,685 kroner
* HelloFresh Cut to Neutral at JPMorgan; PT 20 euros
* Norsk Hydro Cut to Sell at Goldman; PT 27 kroner
* Osram Cut to Sell at Nord/LB; PT 41 euros
* Saipem Cut to Neutral at JPMorgan; PT 5.60 euros
* Sanoma Oyj Cut to Hold at SEB Equities; PT 10.60 euros
* Zurich Ins. Cut to Sector Perform at RBC; PT 395 Swiss francs
>>> Initiation
* ByggPartner I Dalarna Rated New Buy at Pareto Securities
* Chi-Med Rated New Equal-Weight at Morgan Stanley; PT 360 pence
* Chi-Med ADRs Rated New Equal-Weight at Morgan Stanley
* DiscoverIE Rated New Buy at Panmure Gordon; PT 615 pence
* Eckoh Cut to Hold at Panmure Gordon; PT 60 pence
* Generix Group SADIR Rated New Buy at Oddo BHF; PT 8 euros
* Kerry Group Reinstated Equal-Weight at Morgan Stanley
* Maersk Drilling Rated New Overweight at JPMorgan; PT 522 kroner
* Nordic Mining Rated New Buy at SpareBank; PT 5 kroner
* Societa Cattolica Rated New Hold at SocGen; PT 7.60 euros
* UnipolSai Rated New Buy at SocGen; PT 3 euros
* Unipol Rated New Buy at SocGen; PT 6.40 euros
>>> Call
* European Insurance Stocks to Outperform Again in 2020, RBC Says
* Electrolux Cut to Sell at Citi as Tailwinds Seen Diminishing
* K+S Mine Assets Likely to Be Less Attractive Than Salt: Citi