>>> Up
* Alior Raised to Overweight at JPMorgan; PT 25.70 zloty
* Ashtead Raised to Hold at Berenberg; PT 2,850 pence
* AstraZeneca Raised to Hold at HSBC; PT 7,260 pence
* Auto Trader Raised to Buy at Liberum; PT 660 pence
* IAG Raised to Buy at Goldman; PT 195 pence
* InterContinental Hotels PT Raised to 3,940 pence at Citi
* Lufthansa Raised to Neutral at Goldman; PT 9.40 euros
* Nordex Raised to Add at AlphaValue
* Nordex PT Raised to 19.50 euros from 15.50 euros at Jefferies
* Pekao Raised to Overweight at JPMorgan; PT 72 zloty
* PKO Raised to Overweight at JPMorgan; PT 32 zloty
* Reckitt Raised to Outperform at Credit Suisse; PT 7,800 pence
* SAP Raised to Buy at Baader Helvea; PT 123 euros
* Schaeffler Raised to Buy at Pareto Securities; PT 7.60 euros
* SGS Raised to Hold at Jefferies; PT 2,800 Swiss francs
* Shell Raised to Buy at Berenberg; PT 16 euros
* Siemens Energy Raised to Overweight at JPMorgan; PT 26 euros
* Sirius Real Estate Rated New Buy at HSBC
* UDG Raised to Outperform at RBC; PT 880 pence
* Whitbread Raised to Buy at Citi; PT 34 pence
>>> Down
* Adidas Cut to Hold at SocGen; PT 303 euros
* Admiral Cut to Underweight at Morgan Stanley; PT 2,500 pence
* Aena Cut to Neutral at Goldman; PT 155 euros
* Airbus Raised to Add at AlphaValue
* Croda Cut to Underweight at JPMorgan; PT 5,700 pence
* EnQuest Cut to Neutral at JPMorgan; PT 20 pence
* Gym Group Cut to Hold at Berenberg; PT 210 pence
* Infineon Cut to Hold at Nord/LB; PT 26.50 euros
* Instalco AB Cut to Sell at SEB Equities; PT 170 kronor (Earlier)
* Intesa Sanpaolo Raised to Buy at AlphaValue
* Lagardere Raised to Reduce at AlphaValue
* Meggitt Cut to Sell at SocGen; PT 309 pence
* NOS Cut to Underweight at Barclays; PT 3 euros
* Richemont Cut to Market Perform at Bernstein
* Saipem Cut to Underperform at Jefferies; PT 1.50 euros
* Saras Cut to Underweight at Barclays; PT 55 euro cents
* Wizz Air Cut to Neutral at Goldman; PT 4,500 pence
* Wizz Air Cut to Neutral at Concorde; PT 4,010 pence
>>> Initiation
* Air France-KLM Reinstated Sell at Goldman; PT 3.70 euros
* Empiric Student Rated New Outperform at RBC; PT 81 pence
* IWG Rated New Overweight at Barclays; PT 340 pence
* Lindt & Spruengli Reinstated Outperform at Bernstein
* Orsted AS Resumed Sell at Citi; PT 828 kroner
>>> Call
* Ashtead Proving ‘Defiantly Resilient,’ Berenberg Raises to Hold
* Auto Trader Benficiary of Shift to Online Transactions: Liberum
* Sampo May Use Nordea Proceeds on Topdanmark Shares, Nordnet Says
* Sampo’s Nordea Share Sale in Line With Strategy: Handelsbanken