>>> Up
* Close Brothers Raised to Outperform at KBW; PT 1,150 pence
* Continental Resources Raised to Equal-Weight at Morgan Stanley
* Covestro Raised to Buy at Baader Helvea; PT 41 euros
* Efecte Raised to Buy at Inderes; PT 10 euros
* Fuchs Petrolub Raised to Buy at Baader Helvea; PT 37 euros
* Gofore Raised to Accumulate at Inderes; PT 25 euros
* ISS Raised to Neutral at Goldman; PT 147 kroner
* K+S Raised to Buy at Baader Helvea; PT 27 euros
* Lockheed Raised to Outperform at Baird; PT $513
* Marston's Raised to Hold at HSBC; PT 40 pence
* Netflix Raised to Outperform at KGI Securities; PT $330
* Veolia Raised to Overweight at Morgan Stanley
* Vow ASA Raised to Buy at DNB Markets; PT 21 kroner
>>> Down
* Almirall Cut to Equal-Weight at Morgan Stanley; PT 12.50 euros
* Atlantic Sapphire ASA Cut to Hold at Arctic Securities
* CPH Chemie & Papier Cut to Add at Baader Helvea
* EMS-Chemie Cut to Reduce at Baader Helvea; PT 575 Swiss francs
* Flutter Cut to Equal-Weight at Barclays; PT 11,000 pence
* H&R Cut to Reduce at Baader Helvea; PT 5 euros
* NatWest Cut to Market Perform at KBW; PT 280 pence
* Provident Cut to Underperform at KBW; PT 145 pence
* Royal Unibrew Cut to Hold at Nordea
* Sotkamo Silver Cut to Sell at Inderes; PT 0.55 kronor
* TF Bank Cut to Hold at ABG; PT 175 kronor
>>> Initiation
* Allgeier Reinstated Outperform at Oddo BHF; PT 40 euros
* Ence Rated New Hold at Jefferies; PT 3.75 euros
* Fresenius Medical Reinstated Equal-Weight at Morgan Stanley
>>> Call
* Almirall Cut at Morgan Stanley, Thesis Needs Time to Play Out
* Citi Says US Stocks Pricing Recession More Than Any Other Asset
* Frasers Group Upgraded at RBC on Resilience During a Downturn
* Goldman Overweights Defensives and Shuns Cyclicals in US Stocks
* Veolia Risks More Than Priced In, Morgan Stanley Upgrades