>>> Up
* Adecco Raised to Buy at Oddo BHF; PT 71 Swiss francs
* Byggmax Raised to Buy at SEB Equities; PT 35 kronor
* Elisa Oyj Raised to Equal-Weight at Morgan Stanley; PT 52 euros
* Eurazeo SE Raised to Buy at Goldman; PT 76 euros
* Red Electrica Raised to Market Perform at BBVA; PT 17.20 euros
* Safran Raised to Buy at Goldman; PT 169 euros
>>> Down
* Aareal Bank Cut to Hold at Pareto Securities; PT 31 euros
* Aker Solutions Cut to Sell at SEB Equities; PT 20 kroner
* Bossard Cut to Sell at UBS; PT 127 Swiss francs (Earlier)
* Bossard Cut to Reduce at Bank Vontobel; PT 130 Swiss francs
* Fraport Cut to Sell at Bankhaus Metzler; PT 65 euros
* Hella Cut to Hold at MainFirst; PT 48 euros
* Hikma Cut to Neutral at Citi; PT 1,980 pence
* Intertek Cut to Sell at Goldman; PT 5,300 pence
* Kindred GDRs Cut to Hold at SEB Equities; PT 48 kronor
* Netcompany Cut to Sell at ABG; PT 276 kroner
* Ossur HF Cut to Hold at SEB Equities; PT 49 kroner
* Pfeiffer Vacuum Cut to Hold at Bankhaus Lampe
* RBS Cut to Underweight at Barclays
* Salvatore Ferragamo Cut to Hold at MainFirst; PT 19.50 euros
* Sandvik Cut to Hold at Pareto Securities; PT 200 kronor
* SFC Energy Cut to Hold at M.M. Warburg; PT 11 euros (+)
* Shaftesbury Cut to Underperform at Jefferies; PT 790 pence
* Telia Cut to Underweight at Morgan Stanley; PT 38 kronor
>>> Initiation
* Amundi Rated New Buy at Jefferies; PT 85 euros
* Arterra Bioscience Rated New Hold at Banca Profilo (+)
* Brewin Dolphin Rated New Buy at Jefferies; PT 425 pence
* Danone Rated New Buy at Guggenheim; PT 87 euros
* DIC Asset Rated New Buy at M.M. Warburg; PT 19.40 euros (+)
* DWS Rated New Hold at Jefferies; PT 33 euros
* Hargreaves Lansdown Rated New Hold at Berenberg; PT 1,928 pence
* Julius Baer Rated New Buy at Jefferies; PT 66 Swiss francs
* Nestle Rated New Buy at Guggenheim; PT 114 Swiss francs
* OSE Immuno Rated New Corporate at Bryan Garnier; PT 7 euros
* Pets at Home Rated New Hold at Peel Hunt
* Primary Health Cut to Hold at Jefferies; PT 155 pence
* Rathbone Brothers Rated New Underperform at Jefferies
* TalkTalk Rated New Sell at Berenberg; PT 80 pence
>>> Call
* Africa Oil May Rise at Least 15% After Nigeria Deal: SB1 Markets
* Amundi Preferred Over DWS as Jefferies Initiates on Stocks
* Ashmore Shares Will React Positively to 2Q Beat: Morgan Stanley (+)
* Bossard Cut at UBS on Weak Ebit Growth; Vontobel Also Downgrades
* Evotec Biological-Drug Production Step Sensible: Deutsche Bank
* Fraport Double-Downgraded at Metzler On Headwinds from 2021 (+)