>>> Up
* Acerinox Raised to Overweight at JPMorgan; PT 11 euros
* 1&1 Drillisch Raised to Buy at Citi
* BME Raised to Hold at Grupo Santander; PT 34.56 euros
* Intertek Raised to Buy at Jefferies; PT 6,100 pence
* Takeaway Raised to Outperform at Credit Suisse; PT 95 euros
* Telefonica Raised to Buy at Nord/LB; PT 8 euros
>>> Down
* B&M European Cut to Neutral at Citi
* B&M Cut at Citi With Limited Earnings Catalysts Seen Ahead
* Consort Medical Cut to Hold at Stifel; PT 1,010 pence
* Consort Medical Cut to Hold at Panmure Gordon; PT 1,010 pence
* Demant Cut to Hold at ABG; PT 204 kroner
* Diploma Cut to Neutral at JPMorgan; PT 1,730 pence
* Draegerwerk Cut to Sell at Hauck & Aufhaeuser
* Metrovacesa Cut to Equal-Weight at Morgan Stanley
* Prismi Cut to Underperform at EnVent S.p.A.; PT 1.27 euros
* Recipharm Cut to Hold at Handelsbanken; PT 155 kronor
* Zealand Pharma Cut to Hold at Jefferies; PT 235 kroner
>>> Initiation
* Forterra Rated New Buy at Canaccord; PT 330 pence
* Ibstock Rated New Hold at Canaccord; PT 260 pence
* TFF Group Rated New Buy at Berenberg; PT 43 euros
* Verallia Sasu Rated New Hold at Berenberg; PT 32 euros
* Vidrala Rated New Buy at Berenberg; PT 98 euros
>>> Call
* Intertek Raised as Jefferies Sees ‘Compelling Entry Point’
* Recipharm Cut to Hold at Handelsbanken; Deal Seen Value Dilutive
* Siemens Price Target Raised at Deutsche Bank After Spinoff Plans