>>> Up
* ADO Properties Upgraded to Buy at HSBC; PT 50 Euros
* Autoliv Upgraded to Neutral at Baird; Price Target $74
* P2P Global Investments Upgraded to Hold at Jefferies
* SMCP Upgraded to Buy at Jefferies; PT 18.50 Euros
* Solvay Upgraded to Hold at Kepler Cheuvreux; PT 95 Euros
>>> Down
* Adecco Downgraded to Underperform at Jefferies
* Elisa Downgraded to Neutral at JPMorgan; Price Target 41 Euros
* Teva ADRs Downgraded to Underweight at Morgan Stanley; PT $6
* UBS Cut to Underperform at Mediobanca SpA; PT 11.40 Francs
>>> Initiation
>>> Call
* Adecco Cut, Gets Street-Low PT as Jefferies Sees Revenue Decline
* Europe Chemicals Leave Little Space to Hide: Morgan Stanley
* Schroders’ Premium Multiple is Tough to Justify: Morgan Stanley