>>> Up
* Aena Raised to Buy at Insight Investment Research; PT 238 Euros
* Boliden Upgraded to Add at AlphaValue
* Compass Upgraded to Outperform at Bernstein
* J. Martins Upgraded to Market Perform at BBVA; PT 14.30 Euros
* Verbund Upgraded to Outperform at Macquarie; PT 30 Euros
>>> Down
* BW Offshore Downgraded to Hold at Danske Bank; PT 50 Kroner
* Rubis Downgraded to Neutral at Goldman; PT 67 Euros
* Uniper Downgraded to Sell at Independent Research; PT 26 Euros
* ZPG Downgraded to Equal-weight at Barclays; PT 4.90 Pounds
>>> Initiation
* Temenos Rated New Buy at William O'Neil & Co Incorporated