>>> Up
*Air France-KLM Raised to Buy at AlphaValue
*Cape Raised to Outperform at Macquarie, PT 240p
*DBV Tech Raised to Buy at SocGen, PT EU82
*Intertek Raised to Buy at Deutsche Bank, PT 4150p
*KAZ Minerals Raised to Overweight at JPMorgan, PT 580p
*Maire Tecnimont Raised to Overweight at Barclays
*Norsk Hydro Raised to Overweight at JPMorgan, PT NOK58
>>> Down
*Boliden Cut to Neutral at JPMorgan, PT SEK285
*BowLeven Cut to Underweight at Barclays
*Geberit Cut to Hold at SocGen, PT CHF473
*GN Cut to Sell at DNB Markets, PT DKK160
*Hikma Cut to Neutral at JPMorgan, PT 2400p
*Merlin Cut to Sell at Berenberg, PT 375p
*Royal Unibrew Cut to Hold at ABG Sundal, PT DKK315
>>> Initiation
*Adler Real Estate Rated New Buy at Bankhaus Lampe, PT EU16.50
*Low & Bonar Rated New Buy at Berenberg, PT 112p
*Management Consulting Group Resumed Hold at Peel Hunt, PT 8p
*Nordic Nanovector Rated New Buy at Jefferies, PT NOK125
*Premier Oil Rated New Buy at Peel Hunt, PT 90p
>>> Call