>>> Up
* Aareal Bank Upgraded to Buy at DZ Bank; Price Target 43 Euros
* Amundi Upgraded to Overweight at Morgan Stanley; PT 77.50 Euros
* Bank of Georgia Group Raised to Buy at VTB Capital; PT 20 Pounds
* Bayer Downgraded to Hold at Jefferies; PT 92 Euros
* Ceconomy Upgraded to Equal-weight at Morgan Stanley; PT 7 Euros
* Esure Upgraded to Hold at Berenberg
* Greene King Upgraded to Hold at HSBC; PT 5 Pounds
* K+S Upgraded to Sector Outperform at Scotiabank; PT 25 Euros
* KPN Upgraded to Neutral at Macquarie; PT 2.40 Euros
* Mayr-Melnhof Upgraded to Buy at Kepler Cheuvreux; PT 130 Euros
* Mitchells & Butlers Upgraded to Buy at HSBC; PT 2.90 Pounds
>>> Down
* Austevoll Seafood Cut to Sell at ABG; Price Target 100 Kroner
* Curetis Downgraded to Neutral at Ladenburg Thalmann
* Leifheit Downgraded to Sell at Berenberg
* Norway Royal Salmon Downgraded to Sell at ABG; PT 202 Kroner
* Senvion Downgraded to Sell at Bankhaus Metzler
* Valeo Downgraded to Hold at HSBC; PT 45 Euros