>>> Up
* BT Upgraded to Buy at UBS
* Fraport Upgraded to Buy at Santander; PT 102.50 Euros
* Orsted Upgraded to Outperform at RBC; PT 450 Kroner
* Peugeot Upgraded to Buy at HSBC; Price Target 20 Euros
* Swatch Upgraded to Overweight at Barclays; PT 450 Francs
* Telenet Upgraded to Neutral at Macquarie; PT 55 Euros
* Vectura Upgraded to Sector Perform at RBC; PT 1.19 Pounds
>>> Down
* Berkeley Downgraded to Neutral at JPMorgan; PT 43 Pounds
* Deutsche Boerse Downgraded to Underperform at Exane
* Immofinanz Cut to Sell at Baader-Helvea; Price Target 1.80 Euros
* Metro AG Downgraded to Hold at Kepler Cheuvreux; PT 18.20 Euros
* Nexans Downgraded to Equal-weight at Barclays; PT 54 Euros
* SGL Downgraded to Reduce at Commerzbank; PT 9 Euros
>>> Initiation
* Altice Rated New Sell at SocGen; PT 6 Euros
* Altice USA Rated New Buy at SocGen; PT $28
* Arjo Rated New Underweight at JPMorgan; PT 20.30 Kronor
* HelloFresh Rated New Hold at Bankhaus Lampe; PT 10 Euros
* TechnipFMC Rated New Outperform at Wolfe; PT $32 (Earlier)
>>> Call