>>> Up
* ArcelorMittal ADRs Raised to Overweight at KeyBanc; PT $21
* Dialog Semi Raised to Buy at AlphaValue
* Hugo Boss Raised to Buy at Hauck & Aufhaeuser; PT 55 euros (+)
* Infineon Raised to Buy at Bankhaus Metzler; PT 23 euros
* Intertek Raised to Neutral at Goldman; PT 5,200 pence
* Norma Raised to Buy at Berenberg
* Petrofac Raised to Buy at Canaccord; PT 500 pence (+)
* Prosegur Raised to Buy at Goldman; PT 5.80 euros
>>> Down
* Aareal Bank Cut to Sell at Citi; PT 25 euros
* Ahold Delhaize Cut to Market Perform at Bernstein
* Amerisur Cut to Underperform at RBC; PT 17 pence
* Aperam Cut to Neutral at Citi; PT 28 euros
* Bankia Cut to Underweight at JB Capital Markets; PT 1.65 euros (+)
* BayWa Cut to Neutral at Oddo BHF; PT 26 euros (+)
* Cofinimmo Cut to Sell at SocGen; PT 118 euros
* Cramo Cut to Hold at SEB Equities; PT 13.50 euros
* Gjensidige Cut to Sell at Goldman; PT 145 kroner
* *INTELSAT CUT AT JPMORGAN AS C-BAND PROCESS LOOKS MORE COMPLEX
* Intesa Sanpaolo Cut to Reduce at Oddo BHF; PT 2.30 euros
* Kiadis Pharma Cut to Sell at NIBC; PT 1 euro
* Kiadis Pharma Cut to Neutral at Piper Jaffray; PT 2 euros
* Land Sec. Cut to Underperform at Jefferies; PT 735 pence
* Norway Royal Salmon Cut to Hold at DNB Markets; PT 230 kroner
* Paragon Cut to Hold at Canaccord; PT 519 pence (+)
>>> Initiation
* Cineworld Rated New Underweight at Morgan Stanley; PT 200 pence
* Corticeira Amorim Rated New Outperform at BBVA; PT 12.20 euros
* Hikma Reinstated Equal-Weight at Morgan Stanley; PT 1,900 pence
* Mowi Rated New Buy at Berenberg
* Sartorius Rated New Overweight at JPMorgan; PT 180 euros
* Sartorius Stedim Rated New Overweight at JPMorgan; PT 152 euros
* VERALLIA INITIATED WITH BUY RATING AT CITI, PRICE TARGET EU33
* *VERALLIA INITIATED WITH OVERWEIGHT, PT EU31.5 AT BARCLAYS (+)
>>> Call
* Aareal’s Trend Diverging From Peer, Downgrade to Sell: Citi
* Aperam Upside Is Now Limited After Rally, Citi Cuts to Neutral
* Land Securities Hit by Retail Weakness, Jefferies Cuts Rating
* Mowi New Buy; Salmon Sector Has ‘Golden Years’ Ahead: Berenberg
* Norma Becoming a Self-Help Story, Berenberg Says, Raising to Buy
* Sell Cineworld Amid Weak 2020 Film Slate, Streaming Threat: MS