>>> Up
* Hammerson Upgraded to Outperform at RBC; PT 2.90 Pounds
* Maersk Upgraded to Buy at Goldman; Price Target 9,000 Kroner
* Merlin Upgraded to Hold at HSBC; PT 4.55 Pounds
* Stockmann Upgraded to Buy at Handelsbanken; PT 3 Euros
>>> Down
* Beiersdorf Downgraded to Underperform at Jefferies
* CompuGroup Downgraded to Hold at Kepler Cheuvreux; PT 60 Euros
* Hapag-Lloyd Downgraded to Hold at Bankhaus Lampe; PT 47 Euros
* Jungheinrich Downgraded to Neutral at MainFirst; PT 20 Euros
* Kion Downgraded to Neutral at MainFirst; PT 45 Euros
* Norsk Hydro Downgraded to Neutral at Citi
* *UDG HEALTHCARE CUT TO SECTOR PERFORM VS OUTPERFORM AT RBC
* Ultra Electronics Downgraded to Hold at Berenberg
>>> Initiation
* Genmab ADRs Rated New Overweight at Morgan Stanley; PT $30
>>> Call
* Beiersdorf Cut at Jefferies on Margin Outlook as RBC Lowers PT
* Hammerson Discount Is Too Deep, RBC Upgrades to Outperform
* Maersk Upgraded to Buy at Goldman; Price Target 9,000 Kroner
* Ultra Electronics Cut at Berenberg on Stock’s ‘Phenomenal Run’