>>> Up
* ABB Upgraded to Hold at Berenberg
* Axa Upgraded to Outperform at MedioBanca; PT 32 Euros
* Big Yellow Group Upgraded to Buy at Berenberg
* Clariant Upgraded to Buy at Baader-Helvea; PT 32 Francs
* Glaxo Upgraded to Overweight at Barclays
* Hannover Re Raised to Outperform at Credit Suisse; PT 120 Euros
* Leonardo Upgraded to Buy at SocGen; Price Target 14 Euros
* Munich Re Upgraded to Neutral at Credit Suisse; PT 185 Euros
* NetEnt Upgraded to Buy at DNB Markets; PT 57 Kronor
* Orion Upgraded to Neutral at Credit Suisse
* Sika Upgraded to Buy at Baader-Helvea; Price Target 7,300 Francs
* Swatch Upgraded to Equal-weight at Morgan Stanley; PT 415 Francs
* Worldpay Upgraded to Buy at Goldman
>>> Down
* ABB ADRs Downgraded to Neutral at Baird; Price Target $29
* Altice Downgraded to Reduce at Kepler Cheuvreux; PT 7.50 Euros
* Aspocomp Group Cut to Reduce at Inderes; Price Target 2.50 Euros
* BillerudKorsnas Cut to Hold at SEB Equities; PT 135 Kronor
* Deutsche Beteiligungs AG Cut to Hold at Baader-Helvea
* Recordati Downgraded to Underperform at Credit Suisse
* Suedzucker Downgraded to Hold at DZ Bank; PT 16.50 Euros
* Topdanmark Cut to Underperform at Credit Suisse; PT 250 Kroner
* Tryg Cut to Neutral at Credit Suisse; Price Target 160 Kroner
* William Hill Downgraded to Reduce at Peel Hunt
>>> Initiation
* CNH New Hold at Berenberg; Struggles to See Value From Here
* Ingenico Group Rated New Sell at Kempen & Co; PT 75 Euros
* Sixt Rated New Buy at William O'Neil & Co Incorporated
* Wirecard Rated New Buy at Kempen & Co; PT 135 Euros
* Worldline Rated New Buy at Kempen & Co; PT 51 Euros
>>> Call