>>> Europe : Brokers Upgrades & Downgrades - 18th of September 2

>>> Up
*ADIDAS RAISED TO BUY VS HOLD AT HSBC, PT EU84
*ALTICE RAISED TO HOLD VS REDUCE AT KEPLER CHEUVREUX
*BANCO SANTANDER RAISED TO BUY VS NEUTRAL AT CITI
*BOLIDEN RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*CONTINENTAL RAISED TO BUY VS NEUTRAL AT GOLDMAN
*DNB ASA RAISED TO BUY AT HSBC
*HEINEKEN RAISED TO BUY AT HSBC
*IMMOFINANZ RAISED TO BUY VS HOLD AT SOCIETE GENERALE
*KORIAN RAISED TO BUY AT HSBC
*OXFORD INSTRUMENTS RAISED TO HOLD VS SELL AT BERENBERG

>>> Down
*DEUTSCHE PFANDBRIEFBANK RATED NEW NEUTRAL AT JPMORGAN
*KAZ MINERALS CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*NYRSTAR CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*ROTORK CUT TO REDUCE AT NOMURA

>>> PT Change


>>> Initiation
*GLENCORE RESUMED EQUALWEIGHT AT MORGAN STANLEY, PT 217P
*SAFT GROUPE RATED NEW HOLD AT SOCIETE GENERALE, PT EU32

>>> Call