>>> Europe : Brokers Upgrades & Downgrades - 17th of October 201

>>> Up
* Aeroports de Paris Raised to Strong Buy at Raymond James
* Atrium Ljungberg Raised to Buy at Carnegie
* Castellum Raised to Buy at Carnegie
* Fabege Raised to Hold at Carnegie
* Grafton Raised to Buy at Stifel, PT 900p
* Hufvudstaden Raised to Hold at Carnegie
* Jyske Raised to Buy at SEB Equities
* Orion Raised to Buy at Carnegie
* Symrise Raised to Outperform at Evercore ISI, PT EU71
* Telenor Raised to Neutral at JPMorgan, PT NOK166
* Umicore Raised to Buy at Kepler Cheuvreux, PT EU44

>>> Down
* Byggmax Cut to Hold at SEB Equities
* Clariant Cut to Inline at Evercore ISI, PT CHF24.40
* ConvaTec Cut to Hold at Peel Hunt
* ConvaTec Cut to Hold at HSBC, PT GBP2.40
* ConvaTec Cut to Neutral at JPMorgan, PT 240p
* Deutsche Boerse Cut to Neutral at JPMorgan, PT EU100
* Euskatel Cut to Neutral at JPMorgan, PT EU9.60
* Howden Joinery Cut to Sell at Stifel, PT 385p
* Jyske Raised to Buy at SEB Equities
* Kingspan Cut to Neutral at UBS
* Kuehne + Nagel Cut to Sector Perform at RBC, PT CHF185
* Victoria Park Cut to Hold at Carnegie

>>> Initiation
* Aumann New Buy at Bankhaus Lampe, PT EU110
* Cap-XX New Buy at Cantor, PT 18p
* NH Hotel New Underperform at BBVA, PT EU5.50
* Norwegian Air New Buy at Kepler Cheuvreux, PT NOK330
* Sydbank New Hold at Carnegie, PT DKK260

>>> Call