>>> Up
* Altice USA Raised to Buy at HSBC; PT $28
* Essity Raised to Equal-Weight at Barclays; PT 299 kronor
* Gjensidige Raised to Hold at HSBC; PT 179 kroner
* JM Raised to Buy at Handelsbanken; PT 280 kronor
* Varta PT Raised to 120 euros from 100 euros at Berenberg
>>> Down
* Akzo Nobel Cut to Reduce at Baader Helvea; PT 78 euros
* Avanza Cut to Hold at Handelsbanken; PT 178 kronor
* Axa Cut to Sell at Citi
* Bouygues Cut to Hold at Jefferies; PT 34 euros
* Clariant Cut to Neutral at Exane; PT 18 Swiss francs
* Ferrexpo Cut to Underweight at JPMorgan; PT 150 pence
* Kion Raised to Hold at LBBW; PT 61 euros
* Moncler Cut to Sector Perform at RBC; PT 35 euros
* Santander Consumer Cut to Underweight at JPMorgan; PT $14.50
>>> Initiation
* 3i Rated New Outperform at Exane; PT 970 pence
* Alpha Bank Reinstated Hold at HSBC; PT 70 euro cents
* Anglo American Reinstated Neutral at Goldman; PT 1,900 pence
* ArcelorMittal Reinstated Buy at Goldman; PT 14 euros
* EUROB GA Reinstated Buy at HSBC; PT 60 euro cents
* Glencore Reinstated Buy at Goldman; PT 220 pence
* National Bank of Greece Reinstated Buy at HSBC; PT 1.80 euros
* Piraeus Bank Reinstated Hold at HSBC; PT 1.45 euros
>>> Call
* Akzo Nobel’s Cyclical Risks Not Reflected in Consensus: Baader
* Basler, Varta Added to Berenberg’s DACH/Nordic Top Picks for 2H
* BNP Top Pick in French Banks on Recovery Potential: Jefferies
* Moncler Execution Risk High Amid Earnings Concentration: RBC