>>> Europe : Brokers Upgrades & Downgrades - 16th of February 2017

>>> Up
*Arkema Raised to Buy at Goldman
*Heineken Raised to Neutral at Exane

>>> Down
*Akzo Nobel Cut to Neutral at Citi
*ASPO CUT TO HOLD FROM BUY AT NORDEA
*Julius Baer Cut to Hold at Berenberg, PT CHF46
*Safran Cut to Market Perform at Bernstein, PT EU74
*Tarkett Cut to Outperform at Raymond James, PT EU43

>>> PT Change
*Natixis PT Lifted at Morgan Stanley, Shares Fully Valued

>>> Initiation


>>> Call
>> Stock
*ARKEMA ADDED TO CONVICTION LIST AT GOLDMAN