>>> Up
* Airbus Upgraded to Add at AlphaValue
* Airbus Upgraded to Buy at Kepler Cheuvreux; PT 134 Euros
* Air France-KLM Upgraded to Hold at SocGen; PT 11.50 Euros
* ALD Upgraded to Buy at Citi; PT Set to 14.10 Euros
* Cargotec Upgraded to Neutral at Credit Suisse; PT 32 Euros
* CTS Eventim Upgraded to Buy at Bankhaus Lampe
* Heineken Upgraded to Add at AlphaValue
* Kloeckner Raised to Neutral at Goldman; Price Target 6.40 Euros
* Lufthansa Upgraded to Buy at Oddo BHF; PT 26.50 Euros
* Lundin Petroleum Upgraded to Outperform at RBC; PT 330 Kronor
* Ryanair Upgraded to Buy at SocGen; PT 14 Euros
>>> Downgrade
* Austrian Post Cut to Reduce at Kepler Cheuvreux; PT 33 Euros
* Balta Group SA Cut to Equal-weight at Barclays; PT 3.50 Euros
* DSM Downgraded to Neutral at Credit Suisse; PT 92 Euros
* IAG Downgraded to Reduce at Oddo BHF
* Nestle Downgraded to Sector Perform at RBC
* Nitro Games Downgraded to Hold at SEB Equities; PT 23 Kronor
* Oscar Properties Cut to Hold at Kepler Cheuvreux
* Rational Downgraded to Hold at HSBC; PT 643 Euros
* Wizz Air Downgraded to Hold at SocGen; PT 34.80 Pounds
* Worldline Downgraded to Neutral at Citi
>>> Initiation
* Ashtead Reinstated Overweight at Morgan Stanley; PT 23.30 Pounds
* Asiamet Resources Rated New Buy at Berenberg; PT 13 Pence
* Fluidra Reinstated at BBVA With Market Perform; PT 11 Euros
* Mologen Rated New Outperform at MainFirst; PT 16.60 Euros
* Phoenix Group Holdings Rated New Buy at Panmure Gordon
* Poujoulat Rated New Buy at Portzamparc; PT 37.50 Euros
>>> Call