>>> Up
* 1&1 Raised to Buy at Goldman; PT 20 euros
* BAE Raised to Buy at DZ Bank; PT 1,190 pence
* Carlsberg Raised to Overweight at Morgan Stanley
* Croda Raised to Neutral at JPMorgan; PT 4,400 pence
* Digital 9 Infrastructure/Fund Raised to Hold at Jefferies
* Elisa Raised to Buy at ABG; PT 50 euros
* Gamma Communications Raised to Neutral at Oddo BHF
* Gamma Communications Raised to Neutral at Oddo BHF
* Siltronic Raised to Buy at Citi; PT 105 euros
* Supermarket Income Raised to Buy at Goldman; PT 85 pence
* Swiss Re Raised to Outperform at Mediobanca SpA
* Tele2 Raised to Buy at ABG; PT 100 kronor
* United Internet Raised to Buy at Goldman; PT 28 euros
* Whitbread Raised to Neutral from Underperform, price target: 3,350p at Exane BNP Paribas
>>> Down
>>> Down
* Atalaya Mining Cut to Hold at Berenberg; PT 380 pence
* CTP Cut to Neutral at Goldman; PT 12 euros
* Grand City Properties Cut to Neutral at Goldman; PT 8.30 euros
* Hapag-Lloyd Cut to Sell at Deutsche Bank; PT 91 euros
* Heineken Cut to Equal-Weight at Morgan Stanley; PT 91 euros
* Inmobiliaria Colonial Cut to Neutral at Goldman; PT 4.60 euros
* Intercontinetal Cuts to Underperform from Neutral, price target: 5,900p at Exane BNP Paribas
* Kesko Cut to Hold at SEB Equities; PT 17.70 euros
* Kesko Cut to Hold at SEB Equities; PT 17.70 euros
* LEG Immobilien Cut to Sell at Goldman; PT 51.40 euros
* Maersk Cut to Sell at Deutsche Bank; PT 10,900 kroner
* Nokia Cut to Hold at ABG; PT 3.90 euros
* PagSeguro Cut to Market Perform at Itau BBA; PT $10
* SBB Cut to Sell at Goldman; PT 1.80 kronor
* Scor Cut to Neutral at Mediobanca SpA; PT 33 euros
* Telenor Cut to Hold at ABG; PT 120 kroner
* Telia Cut to Hold at ABG; PT 25 kronor
* Texas Instruments Cut to Market Perform at Oppenheimer
>>> Initiation
* Befesa Rated New Buy at Jefferies; PT 36 euros
* Cipher Mining Rated New Neutral at JPMorgan
* Mandatum Rated New Buy at Nordea; PT 4.30 euros
* Palo Alto Networks Rated New Buy at William O'Neil
* Rheinmetall Rated New Overweight at Barclays; PT 300 euros
* SCA Rated New Neutral at JPMorgan; PT 163 kronor
* Standard Chartered Rated New Buy at William O'Neil
* Vestas Rated New Sell at SpareBank; PT 110 kroner
>>> Call
* Vestas Rated New Sell at SpareBank; PT 110 kroner
>>> Call
* Befesa Gets New Buy at Jefferies on Volume Growth Positioning
* Carlsberg Rating Raised, Heineken Downgraded at Morgan Stanley
* Carlsberg Rating Raised, Heineken Downgraded at Morgan Stanley
* Siltronic Now Seen at Inflection Point, Upgraded to Buy at Citi