>>> Europe : Brokers Upgrades & Downgrades - 13th of March 2017

>>> Up
*Accell Raised to Add at Bank Degroof Petercam, PT EU27
*Akzo Nobel Raised to Buy at Bank Degroof Petercam, PT EU85
*Bekaert Raised to Add at AlphaValue
*BW LPG Raised to Buy at Pareto Securities, PT NOK55
*CNP Assurances Raised to Market Perform at KBW, PT EU15.70
*Fugro Raised to Reduce at AlphaValue
*Oriflame Raised to Reduce at AlphaValue
*Wolters Kluwer Raised to Neutral at Goldman, PT EU41.50
*Wood Group Raised to Overweight at Morgan Stanley, PT 1000p

>>> Down
*AIG Cut to Sell at Deutsche Bank, PT $57
*Altice Cut to Neutral at Citi
*Atenor Cut to Hold at Bank Degroof Petercam, PT EU52
*Boeing Cut to Equal-Weight at Morgan Stanley
*Domino's Cut to Neutral at Citi
*HOMESERVE Cut to Underperform at Jefferies, PT 460p
*Indivior Cut to Sector Perform at RBC, PT 390p
*Interserve Cut to Reduce at Peel Hunt
*Mercialys Cut to Hold at HSBC, PT EU19
*Pearson Cut to Add at AlphaValue
Semperit AG Holding Cut to Hold at HSBC, PT EU28
*SFS Cut to Hold at Bank Vontobel, PT CHF96
*SFR Group Cut to Neutral at Citi
*Schoeller-Bleckmann Cut to Neutral at Credit Suisse
*Sixt Cut to Hold at Baader-Helvea, PT EU53
*Standard Life Cut to Hold at Berenberg, PT 400p

>>> Initiation
*Ferrari Rated New Buy at Jefferies, PT EU70

>>> Call