>>> Up
* Aggreko Upgraded to Buy at Jefferies; PT 12.50 Pounds
* Credit Agricole Upgraded to Outperform at KBW; PT 16.50 Euros
* Endesa Upgraded to Sector Perform at RBC; Price Target 20 Euros
* Gas Natural Upgraded to Neutral at Goldman; PT 18.50 Euros
* Safran Upgraded to Add at AlphaValue
* Telenor Upgraded to Neutral at Goldman; PT 189 Kroner
* Vallourec Upgraded to Buy at AlphaValue
>>> Down
* Anpario Downgraded to Hold at Peel Hunt
* Arkema Downgraded to Underperform at Credit Suisse
* Eurazeo Downgraded to Sell at SocGen; PT 72 Euros
* ISS Downgraded to Hold at SEB Equities; PT 270 Kroner
* Leonardo Downgraded to Hold at SocGen; PT 14 Euros
* Linde Downgraded to Hold at HSBC; PT 196 Euros
* Outokumpu Cut to Reduce at Kepler Cheuvreux; PT 7.50 Euros
* TechnipFMC Downgraded to Neutral at Goldman
* Telecom Italia Downgraded to Neutral at Goldman; PT 71 Cents
* Terna Cut to Reduce at Kepler Cheuvreux; Price Target 4.90 Euros
* Tecnicas Reunidas Cut to Underperform at Credit Suisse
* Uniper Downgraded to Neutral at Credit Suisse
* Vopak Downgraded to Hold at HSBC; PT 41 Euros
* Yoox Net-A-Porter Downgraded to Neutral at Credit Suisse
>>> Initiation
* MJ Gleeson Initiated at Peel Hunt With Hold
* Pirelli Reinstated at JPMorgan With Overweight; PT 8.60 Euros
>>> Call