>>> Up
* Auto Trader Upgraded to Neutral at Macquarie; PT 4.25 Pounds
* Dustin Upgraded to Buy at ABG; PT 100 Kronor
* Elisa Upgraded to Hold at SEB Equities; Price Target 36 Euros
* ElringKlinger Upgraded to Hold at DZ Bank; PT 8.50 Euros
* Gamma Communications Upgraded to Buy at Peel Hunt
* Grifols Upgraded to Buy at Berenberg
* Indra Upgraded to Buy at Oddo BHF; PT 11.60 Euros
* Intesa Upgraded to Buy at Intermonte; PT 3.20 Euros
* John Laing Environmental Assets Upgraded to Neutral at Stifel
* Lumentum Upgraded to Overweight at JPMorgan; Price Target $80
* MorphoSys Upgraded to Buy at Oddo BHF; Price Target 110 Euros
* Norsk Hydro Upgraded to Buy at Arctic Securities; PT 50 Kroner
* Restaurant Group Upgraded to Buy at HSBC; PT 3.70 Pounds
* TechnipFMC Upgraded to Buy at SocGen
>>> Down
* Aena Downgraded to Hold at Kepler Cheuvreux; PT 153 Euros
* Capgemini Downgraded to Neutral at Oddo BHF; PT 116 Euros
* CYBG Reinstated Underperform at Credit Suisse; PT 2.85 Pounds
* Ferrari Downgraded to Hold at Jefferies
* Gamma Communications Cut to Underperform at RBC; PT 7.50 Pounds
>>> Initiation
* AML LN Rated New Underperform at Jefferies
* Devoteam Reinstated at Oddo BHF With Buy; PT 135 Euros
* Gocompare.com Rated New Outperform at Macquarie; PT 1.55 Pounds
* Intesa Rated New Hold at Santander; PT 2.50 Euros
* Metrovacesa Rated New Buy at Santander; PT 17.60 Euros
* Moneysupermarket Reinstated Outperform at Macquarie; PT 4 Pounds
* Ocado Reinstated at Macquarie With Outperform; PT 10.50 Pounds
* Reply Rated New Neutral at Oddo BHF; PT 54 Euros
* RHI Magnesita Rated New Buy at Peel Hunt
* TechnipFMC Resumed at Evercore ISI With Outperform; PT $47
* Tenaris ADRs Rated New Peer Perform at Wolfe; PT $36
* UniCredit Rated New Buy at Santander; PT 16.80 Euros
>>> Call