>>> Up
* AstraZeneca ADRs Upgraded to Outperform at Cowen; PT $48
* BBVA Upgraded to Buy at Deutsche Bank
* CaixaBank Raised to Neutral at Goldman; Price Target 2.89 Euros
* Grammer Upgraded to Buy at Bankhaus Lampe
* John Laing Group Upgraded to Outperform at RBC; PT 4.25 Pounds
* LDC Upgraded to Buy at Gilbert Dupont
* Orange Upgraded to Buy at Berenberg
* PostNL Upgraded to Buy at Berenberg
* Royal Mail Upgraded to Hold at Berenberg
* UPS Upgraded to Buy at Berenberg
>>> Down
* Antofagasta Downgraded to Hold at Peel Hunt
* BAYER CUT TO HOLD VS BUY AT BERENBERG; WAS UNDER REVIEW
* Bayer Downgraded to Hold at Deutsche Bank
* FedEx Downgraded to Hold at Berenberg
* Kingfisher Downgraded to Equal-weight at Morgan Stanley
* Nemetschek Downgraded to Hold at Baader Helvea; PT 157 Euros
* Prysmian Downgraded to Neutral at Goldman; PT 17.50 Euros
>>> Initiation
* Nordic Entertainment Group Rated New Buy at Handelsbanken
>>> Call
* *UNICREDIT ADDED TO CONVICTION BUY LIST AT GOLDMAN SACHS