>>> Europe : Brokers Upgrades & Downgrades - 17th of May 2017

>>> Up
*Aeffe Raised to Outperform at MedioBanca, PT EU2.08
*Drillisch Raised to Buy at Equinet
*Hawesko Raised to Hold at Bankhaus Lampe, PT EU44
*Kingfisher Raised to Buy at HSBC, PT GBP4.40
*OMV Raised to Buy at Jefferies
*Rio Tinto Raised to Top Pick at RBC, PT 4,400p
*Yara Raised to Buy at Liberum, PT NOK400

>>> Down
*Dunelm Cut to Hold at HSBC, PT GBP6.40
*EasyJet Cut to Sell at SocGen, PT 1,050p
*Fincantieri Cut to Underweight at JPMorgan, PT EU0.67
*Halfords Cut to Hold at HSBC, PT GBP3.80
*Hellenic Petroleum Cut to Sell at Berenberg
*Hikma Cut to Underperform at Jefferies, PT 1,450p
*Lenzing Cut to Hold at Kepler Cheuvreux
*Marathon Oil Cut to Hold at Jefferies, PT $16
*Motor Oil Hellas Cut to Hold at Berenberg
*Natixis Cut to Hold at Jefferies, PT EU6.94
*N Brown Cut to Hold at HSBC, PT GBP2.80
*Ophir Energy Cut to Underperform at Jefferies, PT 75p
*Premier Oil Cut to Hold at Jefferies, PT 68p
*Soco Cut to Hold at Jefferies, PT 165p

>>> Initiation
*Auto Trader New Sell at Berenberg, PT 350p
*NEX Group Resumed Hold at Liberum, PT 638p

>>> Call
>> Stock
*CAIXABANK REMOVED FROM CONVICTION LIST AT GOLDMAN; STILL BUY
*KERRY GROUP REMOVED FROM CONVICTION LIST AT GOLDMAN; STILL BUY
*KLOECKNER ADDED TO ALPHA LIST AT BANKHAUS LAMPE
*PANDORA MEDIA REMOVED FROM GOLDMAN’S CONVICTION LIST