>>> Europe : Brokers Upgrades & Downgrades - 13th of September 2

>>> Up
* Boliden Raised to Neutral at Citi; PT 330 kronor
* Costain Raised to Buy at Peel Hunt
* CVS Group Raised to Outperform at RBC; PT 1,900 pence
* Marks & Spencer Raised to Overweight at Morgan Stanley
* Pandora Raised to Hold at SocGen; PT 754 kroner

>>> Down
* AB Foods Cut to Hold at Deutsche Bank; PT 2,260 pence
* Kingspan Cut to Neutral at JPMorgan; PT 80 euros
* Oracle Cut to Neutral at JPMorgan; PT $100
* Petershill Cut to Add at Numis; PT 180 pence

>>> Initiation
* AFRY AB Rated New Hold at DNB Markets; PT 150 kronor
* Albemarle Rated New Outperform at Haitong Intl; PT $240
* Alstom Reinstated Underweight at Barclays; PT 16.50 euros
* Eurogroup Laminations Rated New Buy at Berenberg; PT 7 euros
* Kellogg Rated New Market Perform at Cowen; PT $63
* Knorr-Bremse Rated New Underweight at Barclays; PT 45 euros
* Kraft Heinz Rated New Market Perform at Cowen; PT $35
* Mondelez Rated New Outperform at Cowen; PT $82
* Sweco Rated New Buy at DNB Markets; PT 135 kronor

>>> Call
* Akzo Nobel Drops in ‘Overreaction’ to Conference Comments: MS