>>> Up
* Axa Upgraded to Buy at Bankhaus Lampe
* Embraer ADRs Upgraded to Overweight at Morgan Stanley
* Hamburger Hafen Upgraded to Buy at HSBC; PT 23 Euros
* JCDecaux Upgraded to Buy at Berenberg
* Saipem Upgraded to Hold at Jefferies
* Selvaag Bolig Upgraded to Hold at DNB Markets; PT 44 Kroner
* SMT Scharf Upgraded to Buy at Montega; PT 19 Euros
* Subsea 7 Upgraded to Buy at Jefferies; PT 140 Kroner
* TechnipFMC Upgraded to Buy at Jefferies
>>> Down
* AstraZeneca Downgraded to Hold at Jefferies; PT 62 Pounds
* DNA Upgraded to Buy at SEB Equities; Price Target 19.50 Euros
* Gesco Downgraded to Neutral at Oddo BHF; Price Target 34 Euros
* Hannover Re Downgraded to Hold at Bankhaus Lampe
* Informa Cut to Equal-weight at Morgan Stanley; PT 8.50 Pounds
* Leoni Downgraded to Hold at Quirin Privatbank AG; PT 36 Euros
* Leoni Downgraded to Neutral at Oddo BHF; PT 43 Euros
* Petrofac Downgraded to Hold at Jefferies
>>> Initiation
>>> Call