>>> Up
* Allianz Raised to Outperform at MedioBanca, PT EU221
* Chr. Hansen Raised to Buy at SEB Equities
* Hannover Re Raised to Outperform at Exane
* Landi Renzo Raised to Neutral at MedioBanca, PT EU1.60
* MBB Raised to Buy at GSC Research, PT EU130
* Royal Mail Raised to Neutral at UBS
* Schneider Raised to Add at AlphaValue
* Standard Life Aberdeen Raised to Neutral at UBS
* Swiss Re Raised to Neutral at Exane
* Takeaway Raised to Buy at Goldman
* TDC Raised to Buy at Danske Bank, PT DKK42
>>> Down
* Allianz Cut to Hold at Baader-Helvea, PT EU196
* Coca-Cola HBC Cut to Hold at Jefferies, PT GBP27
* Deutsche Beteiligungs AG Cut to Sell at GSC Research, PT EU40
* Essilor Cut to Neutral at Natixis
* HSBC Shares Cut to Underperform at Credit Suisse on Valuation
* Intesa Cut to Neutral at JPMorgan, PT EU3.10
* Lenzing Cut to Hold at Berenberg
* MAX Automation Cut to Hold at GSC Research, PT EU9
* MS Industrie Cut to Hold at GSC Research, PT EU4.20
* Next Cut to Underweight at Morgan Stanley, PT GBP43
* Outokumpu Cut to Hold at Danske Bank, PT EU9.50
* Provident Cut to Underweight at Barclays, PT GBP5.84
* Saipem Cut to Neutral at Goldman, PT EU3.90
* Scandic Cut to Sell at SEB Equities
* Subsea 7 Cut to Sell at Goldman, PT NOK111.90
* Subsea 7 Cut to Sell at Fearnley, PT NOK106
* TechnipFMC Cut to Accumulate at Fearnley, PT $30
* TF1 Cut to Neutral at Goldman, PT EU13.96
* Volvo Cut to Hold at DNB Markets, PT SEK160
>>> Initation
* GVC New Neutral at Macquarie, PT GBP8.65
* Infront New Buy at Danske Bank, PT NOK28
* JD Sports New Buy at Stifel, PT 440p
* Metro New Buy at Bankhaus Lampe, PT EU12
* Paddy Power New Outperform at Macquarie, PT GBP85
* Prosegur New Buy at Nau Securities, PT EU8.70
>>> Call