>>> Up
* Allianz Upgraded to Buy at Oddo BHF; PT 217 Euros
* Bladex Upgraded to Neutral at JPMorgan
* Bodycote Upgraded to Overweight at JPMorgan; PT 9.60 Pounds
* Boliden Upgraded to Buy at Kepler Cheuvreux; PT 320 Kronor
* Bristol-Myers Upgraded to Overweight at Morgan Stanley; PT $78
* Credit Suisse Raised to Buy at SocGen; Price Target 18.50 Francs
* Ebro Foods Upgraded to Outperform at BBVA; PT 22.50 Euros
* Evonik Upgraded to Buy at DZ Bank; Price Target 34 Euros
* Klovern Upgraded to Hold at SEB Equities; PT 10.50 Kronor
* Lectra Raised to Neutral at Louis Capital Markets
* LEG Immobilien Raised to Buy at National Bank AG; PT 98 Euros
* Old Mutual Raised to Buy at Renaissance Capital; PT 2.65 Pounds
* Swedish Match Upgraded to Neutral at JPMorgan; PT 330 Kronor
* ThyssenKrupp Upgraded to Reduce at AlphaValue
* Vonovia Upgraded to Buy at National Bank AG; PT 44 Euros
* Wessanen Upgraded to Buy at ABN Amro Bank; PT 17 Euros
>>> Down
* Aeroports de Paris Downgraded to Reduce at HSBC; PT 130 Euros
* AST Groupe Cut to Neutral at Louis Capital Markets
* Panalpina Downgraded to Underperform at MainFirst; PT 140 Francs
* TDC Downgraded to Sector Perform at RBC; PT 49 Kroner
* Tullow Downgraded to Equal-weight at Barclays; PT 1.90 Pounds
>>> Initiation
* Flow Traders Rated New Equal-weight at Barclays; PT 50 Euros
* Logitech Rated New Buy at William O'Neil & Co Incorporated
* MorphoSys Rated New Underperform at RBC; PT 57 Euros
>>> Call