>>> Up
* BillerudKorsnas Upgraded to Buy at SEB Equities; PT 120 Kronor
* Casino Upgraded to Add at AlphaValue
* Centrica Upgraded to Buy at Goldman; PT 1.76 Pounds
* Fresnillo Upgraded to Top Pick at RBC; PT 13 Pounds
* Merlin Upgraded to Buy at SocGen; Price Target 13.70 Euros
* Polymetal Upgraded to Outperform at RBC; PT 8 Pounds
>>> Down
* CYBG Downgraded to Hold at Berenberg
* NCC Downgraded to Hold at SEB Equities; Price Target 169 Kronor
>>> Initiation
* Air France-KLM Rated New Buy at Berenberg; PT 10.50 Euros
* Argenx Rated New Buy at Stifel; PT 139 Euros
* BAT Reinstated Equal-weight at Morgan Stanley; PT 39.20 Pounds
* Borr Drilling Rated New Buy at BTIG
* Covivio Resumed at Morgan Stanley With Overweight; PT 101 Euros
* EasyJet Rated New Sell at Berenberg; PT 13.10 Pounds
* FLEX LNG Rated New Buy at Seaport; PT 20 Kroner
* FNG Rated New Buy at ING; PT 30 Euros
* IAG Rated New Buy at Berenberg; PT 8.15 Pounds
* Imperial Brands Reinstated Underweight at Morgan Stanley
* Lufthansa Rated New Hold at Berenberg; PT 24 Euros
* RDI REIT Rated New Buy at Berenberg; PT 40 Pence
* Ryanair Rated New Hold at Berenberg; PT 13.50 Euros
* Swedish Match Reinstated Overweight at Morgan Stanley
* Wizz Air Rated New Buy at Berenberg; PT 40 Pounds
* Zalando Rated New Underperform at MainFirst; PT 40 Euros
>>> Call
* *CEWE, DEUTSCHE TELEKOM ADDED TO BANKHAUS LAMPE ALPHA LIST