>>> Up
* Chemring Group Raised to Overweight at Barclays; PT 1.75 Pounds
* Grieg Seafood Upgraded to Buy at Fearnley; PT 134 Kroner
* Kion Upgraded to Buy at LBBW; PT 61 Euros
* Royal Mail Raised to Equal-weight at Morgan Stanley
* Osram Upgraded to Hold at Kepler Cheuvreux; PT 40 Euros
* Worldline Upgraded to Buy at Berenberg
>>> Down
* Air France-KLM Cut to Sector Perform at RBC; PT 10.50 Euros
* Aumann Downgraded to Hold at Commerzbank; PT 38 Euros
* BIC Downgraded to Hold at SocGen; PT 86.90 Euros
* Boliden Downgraded to Hold at Pareto Securities; PT 260 Kronor
* Carl Zeiss Meditec Downgraded to Hold at HSBC; PT 80 Euros
* Dunelm Downgraded to Reduce at HSBC; PT 6.50 Pounds
* Eurocommercial GDRs Cut to Hold at Kepler Cheuvreux; PT 30 Euros
* L'Oreal Downgraded to Hold at SocGen; PT 240 Euros
* REC Silicon Downgraded to Reduce at AlphaValue
* Rocket Internet Downgraded to Hold at Bankhaus Lampe
* RSA Downgraded to Neutral at JPMorgan; PT 6.15 Pounds
* Thule Downgraded to Hold at Pareto Securities; PT 210 Kronor
* Troax Downgraded to Accumulate at Handelsbanken; PT 330 Kronor
* Wessanen Downgraded to Hold at ABN Amro Bank
>>> Initiation
* EssilorLuxottica Resumed at Citi With Sell
>>> Call