>>> Up
* Cewe Stiftung Raised to Buy at FMR Frankfurt Main; PT 107 euros
* DSV Panalpina Raised to Buy at ABG; PT 1,180 kroner
* EDP Raised to Add at AlphaValue
* EVN Raised to Overweight at Barclays; PT 20 euros
* Randstad Raised to Overweight at JPMorgan; PT 60 euros
* Sika Raised to Add at Baader Helvea; PT 253 Swiss francs
* Smith & Nephew ADRs Raised to Outperform at Bernstein; PT $46.50
* Smith & Nephew Raised to Outperform at Bernstein; PT 1,750 pence
* Zehnder PT Raised to 57 Swiss francs at Bank Vontobel
>>> Down
* Aegon Cut to Neutral at Credit Suisse; PT 3.30 euros
* Chr. Hansen Cut to Hold at Carnegie; PT 670 kroner
* Cyan Cut to Hold at Berenberg; PT 15 euros
* Enagas Cut to Underweight at JPMorgan; PT 17.70 euros
* Petrofac Cut to Equal-Weight at Barclays; PT 230 pence
>>> Initiation
* Royal Unibrew Reinstated Buy at Carnegie; PT 715 kroner
* Tamburi Investment Rated New Buy at Stifel; PT 8.10 euros
>>> Call
* Morgan Stanley Raises European Energy Sector, Cuts Utilities
* QinetiQ Shares Deserve a Higher Rating, Berenberg Says
* Sika Trading May Prove Better Than Expected, Baader Upgrades