>>> Up
* Colonial Upgraded to Hold at Kepler Cheuvreux; PT 10.40 Euros
* Equinor Upgraded to Equal-weight at Barclays; PT 240 Kroner
* J D Wetherspoon Upgraded to Buy at Berenberg
* Kion Upgraded to Buy at HSBC; PT 69 Euros
* Koenig & Bauer Upgraded to Buy at HSBC; PT 67 Euros
* Repsol Upgraded to Overweight at JPMorgan; PT 20 Euros
* Repsol Upgraded to Overweight at Barclays; PT 19.50 Euros
* Telecom Italia Upgraded to Neutral at Citi
* Telefonica Deutschland Raised to Hold at Kepler Cheuvreux
* Ubisoft Upgraded to Overweight at JPMorgan; PT 130 Euros
* UCB Upgraded to Hold at Jefferies
>>> Down
* Eni Downgraded to Underweight at Barclays; Price Target 19 Euros
* Galp Downgraded to Neutral at JPMorgan; PT 18 Euros
* Heineken Downgraded to Sell at Berenberg
>>> Initiation
* Abertis Reinstated at SocGen With Hold; PT 18.36 Euros
* AEW UK Rated New Buy at Liberum; PT 1.01 Pounds
* Barry Callebaut Rated New Underweight at Morgan Stanley
* BP Rated New Buy at Berenberg; PT 6.65 Pounds
* capsensixx Rated New Buy at Montega; PT 19.50 Euros
* Eni Rated New Hold at Berenberg; PT 18 Euros
* EQS Group Rated New Hold at Baader Helvea; PT 80 Euros
* Equinor Rated New Hold at Berenberg; PT 245 Kroner
* Galapagos Rated New Outperform at Bernstein; PT 100 Euros
* Hamburger Hafen Rated New Buy at Bankhaus Lampe; PT 25 Euros
* Inventiva Rated New Buy at Jefferies; PT 17 Euros
* Lindt & Spruengli Rated New Overweight at Morgan Stanley
* METabolic EXplorer Rated New Hold at Kepler Cheuvreux
* Remy Cointreau Rated New Equal-weight at Morgan Stanley
* Repsol Rated New Buy at Berenberg; PT 20 Euros
* Shell Rated New Hold at Berenberg; PT 31 Euros
* Total Rated New Buy at Berenberg; PT 65 Euros
* Uniqa Rated New Hold at Berenberg; PT 8.90 Euros
>>> Call