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

>>> Up
* Asos Raised to Hold at Stifel; PT 3,200 pence
* Edgeware Raised to Hold at Handelsbanken; PT 7.30 kronor
* Euronav Raised to Buy at Stifel; PT 12.63 euros
* Iliad Raised to Overweight at JPMorgan; PT 102 euros
* Ossur HF Raised to Buy at SEB Equities; PT 52 kroner
* Tryg Raised to Overweight at Barclays; PT 225 kroner
* Zalando Raised to Neutral at MainFirst; PT 42 euros

>>> Down
* Bellway Cut to Hold at Jefferies; PT 3,743 pence
* Boliden Cut to Sell at Goldman; PT 210 kronor
* Eurazeo SE Cut to Neutral at Goldman; PT 76 euros
* Haulotte Cut to Neutral at MainFirst; PT 5.30 euros
* KAZ Minerals Cut to Neutral at Goldman; PT 475 pence
* Kuehne + Nagel Cut to Sell at Goldman; PT 138 Swiss francs
* Lyko Cut to Hold at ABG; PT 65 kronor
* Maersk Cut to Neutral at Goldman; PT 9,000 kroner
* Norsk Hydro Cut to Neutral at Goldman; PT 31 kroner
* Osram Cut to Hold at Bankhaus Lampe
* Sampo Cut to Equal-Weight at Barclays; PT 40 euros
* Telenor Cut to Hold at Berenberg
* Travis Perkins Cut to Hold at Canaccord
* Wacker Chemie Cut to Hold at Commerzbank; PT 61 euros

>>> Initiation
* Anima Rated New Buy at Berenberg; PT 4.50 euros
* Hipgnosis Songs Fund Rated New Buy at Liberum; PT 116 pence
* Synthomer Reinstated Neutral at Exane; PT 320 pence
* Swiss Re Rated New Neutral at Oddo BHF; PT 112 Swiss francs

>>> Call
* European Bank Earnings May Go From Bad to Worse as Economy Slows