>>> Up
* Adler Real Estate Upgraded to Buy at Oddo BHF; PT 15.91 Euros
* Austevoll Seafood Upgraded to Buy at DNB Markets; PT 101 Kroner
* Gym Group Upgraded to Overweight at Barclays; PT 3 Pounds
* Intertek Upgraded to Neutral at Oddo BHF; PT 55 Pounds
* Safran Upgraded to Add at AlphaValue
>>> Down
* AddNode Downgraded to Hold at ABG; Price Target 150 Kronor
* Allianz Downgraded to Hold at Independent Research; PT 230 Euros
* Essity Cut to Hold at Pareto Securities; Price Target 320 Kronor
* Hella Downgraded to Neutral at JPMorgan; PT 44 Euros
* Just Eat Downgraded to Neutral at UBS
* Lufthansa Downgraded to Hold at Nord/LB; PT 16 Euros
* Safestore Downgraded to Neutral at BofAML
* SGS Downgraded to Reduce at Oddo BHF; PT 2,450 Francs
* Ted Baker Downgraded to Hold at HSBC; PT 9 Pounds
>>> Initiation
* 1&1 Drillisch Rated New Buy at Independent Research; PT 34 Euros
* ASMI Rated New Equal-weight at Morgan Stanley
* ASML Rated New Overweight at Morgan Stanley
* Central Asia Metals Rated New Outperform at Macquarie
* STMicroelectronics Rated New Overweight at Morgan Stanley
>>> Call
* ABN Amro Loses Only Sell on Berenberg Upgrade, ING Still Favored
* Top Pick STMicro and ASML Have Upside Despite Semi Headwinds: MS