>>> Up
* Aareal Bank Raised to Add at AlphaValue
* Burberry Raised to Hold at Jefferies; PT 1,400 pence
* Hella PT Raised to 49 euros from 42 euros at Jefferies
* LVMH Raised to Buy at Jefferies; PT 455 euros
* Pernod Ricard Raised to Overweight at Barclays; PT 174 euros
* Qiagen Raised to Buy at Berenberg; PT 50 euros
* Synthomer PT Raised to 370 pence from 330 pence at Berenberg
>>> Down
* Rovio Entertainment Cut to Sell at SEB Equities; PT 5.50 euros
* Schouw Cut to Hold at SEB Equities; PT 600 kroner
>>> Initiation
>>> Call
* Goldman Boosts S&P 500 Target by 20% as Strategists Catch Up
* Big Luxury Players to Keep Winning, LVMH Up to Buy: Jefferies
* Larger Caterers Better Placed, Sodexo Now Top Pick at Berenberg
* Synthomer EPS Outlook Up After Earnings Defied Bears: Berenberg