>>> Europe : Brokers Upgrades & Downgrades - 12th of Sept. 2017

>>> Up
* Alibaba Raised to Buy at Haitong Intl, PT $210
* Credit Suisse Raised to Buy at SocGen
* Deutsche Bank Raised to Outperform at KBW, PT EU19
* Deutsche Pfandbriefbank Raised to Buy at HSBC, PT EU14
* Kroger Raised to Buy at Pivotal, PT $25
* Norsk Hydro Raised to Add at AlphaValue
* SFR Group Raised to Hold at Berenberg
* SGS Raised to Hold at Jefferies, PT CHF2,100
* Smurfit Kappa Raised to Buy at Goldman
* Sodexo Raised to Buy at Citi
* Vale Raised to Buy at Santander, PT $13.50
* Zurich Ins. Raised to Overweight at JPMorgan, PT CHF304

>>> Down
* Aker BP Cut to Neutral at Macquarie, PT NOK156
* Bauer Cut to Hold at Bankhaus Lampe
* DNA Cut to Equal-weight at Morgan Stanley, PT EU16
* Gestamp Cut to Hold at SocGen, PT EU6.30
* IAG Cut to Equal-weight at Morgan Stanley
* Liberty Global Cut to Underperform at Exane
* SCA Cut to Sell at Goldman
* SSP Cut to Neutral at Citi
* Whitbread Cut to Sell at Citi

>>> Initiation
* Apple New Buy at Citic Securities, PT $200
* Coach New Outperform at Bernstein, PT $51
* L Brands New Outperform at Bernstein, PT $57
* Lululemon New Market Perform at Bernstein, PT $66
* Michael Kors New Underperform at Bernstein, PT $37
* Nike New Outperform at Bernstein, PT $69
* PVH New Market Perform at Bernstein, PT $142
* Rallye New Hold at HSBC, PT EU17
* Under Armour New Underperform at Bernstein, PT $14
* Wizz Air New Neutral at Citi, PT GBP30.60

>>> Call
>> Stock
* OSRAM, ZALANDO REMOVED FROM BANKHAUS LAMPE ALPHA LIST
* THYSSENKRUPP, HEIDELBERGCEMENT ADDED TO LAMPE’S ALPHA LIST