>>> Up
* Airbus Upgraded to Buy at Jefferies
* Altria Downgraded to Neutral at Citi
* Baloise Upgraded to Outperform at MainFirst; PT 170 Francs
* EDP Renovaveis Upgraded to Hold at Berenberg
* Deutsche Beteiligungs AG Raised to Buy at Oddo BHF; PT 45 Euros
* Norsk Hydro Raised to Buy at DNB Markets; Price Target 58 Kroner
* Rio Tinto Upgraded to Buy at HSBC; PT 44.50 Pounds
>>> Down
* Juniper Downgraded to Sell at Goldman; PT $21
* KAZ Minerals Cut to Reduce at HSBC; Price Target 7.60 Pounds
* Tele Columbus Downgraded to Neutral at JPMorgan; PT 8.10 Euros
>>> Initiation
* Atenor Rated New Hold at Kepler Cheuvreux; PT 50 Euros
* Banco BPM Reinstated at JPMorgan With Neutral; PT 3.30 Euros
* BPER Banca Rated New Neutral at JPMorgan; PT 5.30 Euros
* UBI Banca Reinstated at JPMorgan With Overweight; PT 5.10 Euros
>>> Call