>>> Up
* DNB Bank Raised to Overweight at JPMorgan; PT 235 kroner
* Nel Raised to Buy at HSBC; PT 17 kroner
>>> Down
* Arkema Cut to Sell at UBS
* BASF Cut to Sell at UBS; PT 37 euros
* Clariant Cut to Sell at UBS
* Evonik Cut to Neutral at UBS
* Givaudan Cut to Sell at UBS
* Mediclinic Cut to Hold at HSBC; PT 497 pence
* Software AG Cut to Underweight at Morgan Stanley; PT 30 euros
* UCB Cut to Neutral at JPMorgan; PT 120 euros
* Wacker Chemie Cut to Neutral at UBS
>>> Initiation
* Accsys Tech Rated New Buy at Canaccord; PT 190 pence
* Oxford Biomedica Rated New Hold at Stifel; PT 525 pence
* Tonies Rated New Hold at Hauck & Aufhaeuser; PT 4 euros
>>> Call
* Hunting Weakness a Buying Opportunity, Berenberg Upgrades to Buy
* Morgan Stanley Strategists See European Profit Cuts Accelerating
* UK Defense Firms to Benefit From Tory Leadership Contest: Citi