>>> Up
* Bank of Ireland Upgraded to Hold at Berenberg
* Cancom Upgraded to Buy at Bankhaus Lampe
* Carlsberg Upgraded to Buy at Jefferies
* Heineken Upgraded to Buy at Jefferies
* Laurent-Perrier Upgraded to Buy at Oddo BHF; PT 106 Euros
* Petrofac Upgraded to Overweight at Morgan Stanley; PT 8 Pounds
>>> Down
* AB InBev Downgraded to Underperform at Jefferies
* Ashmore Downgraded to Hold at Berenberg
* Cofinimmo Downgraded to Hold at SocGen; PT 120 Euros
* Groupe Crit Downgraded to Neutral at Oddo BHF; PT 61 Euros
* Haulotte Downgraded to Neutral at Oddo BHF; PT 10 Euros
* Hunting Raised to Equal-weight at Morgan Stanley; PT 7.30 Pounds
* Kone Downgraded to Underperform at RBC; PT 47 Euros
* Red Electrica Cut to Underweight at Morgan Stanley
* Restaurant Group Downgraded to Sell at Citi; PT 1.20 Pounds
* Rio Tinto Downgraded to Outperform at CLSA
* SBM Offshore Cut to Underweight at Morgan Stanley; PT 17 Euros
* Schindler Cut to Sector Perform at RBC; Price Target 230 Francs
* SGL Upgraded to Buy at Baader Helvea; PT 9 Euros
* Synergie Downgraded to Neutral at Oddo BHF; PT 31 Euros
* Zooplus Downgraded to Hold at Baader Helvea; PT 140 Euros
>>> Initiation
* Altice USA Rated New Buy at Nomura Instinet; PT $25
* Axa Resumed at Morgan Stanley With Overweight; PT 25.20 Euros
* Chi-Med ADRs Rated New Buy at Panmure Gordon; PT $32.80
* Cyan Rated New Buy at Bankhaus Lampe; PT 47 Euros
* Legrand Reinstated at RBC With Underperform; PT 53 Euros
* Royal Unibrew Rated New Underperform at Jefferies
* Schneider Reinstated at RBC With Outperform; PT 75 Euros
* Siemens Reinstated at RBC With Sector Perform; PT 109 Euros
>>> Call