>>> Europe : Brokers Upgrades & Downgrades - 1st of August 2016

>>> Up
*AB FOODS RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*ANGLO AMERICAN RAISED TO OUTPERFORM AT RBC CAPITAL
*ARCELORMITTAL RAISED TO ADD VS SELL AT ALPHAVALUE
*COSTAMARE RAISED TO NEUTRAL FROM UNDERWEIGHT AT JPMORGAN
*HOUGHTON MIFFLIN RAISED TO BUY VS NEUTRAL AT GOLDMAN
*MERCK KGAA RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*NORDEX RAISED TO ADD VS REDUCE AT ALPHAVALUE
*QIAGEN RAISED TO BUY VS HOLD AT HSBC
*RENAULT RAISED TO ADD VS REDUCE AT ALPHAVALUE

>>> Down
*AUTONEUM HOLDING CUT TO NEUTRAL VS BUY AT UBS
*AVG TECHNOLOGIES CUT TO MARKET PERFORM AT JMP SECURITIES
*HOST HOTELS & RESORTS CUT TO SECTOR PERFORM AT RBC CAPITAL
*POEYRY CUT TO SELL AT NORDEA
*POTBELLY CORP CUT TO NEUTRAL AT ROBERT BAIRD
*SHELL CUT TO SECTOR PERFORM AT RBC CAPITAL
*STEVEN MADDEN CUT TO NEUTRAL AT B. RILEY
*WEYCO GROUP CUT TO NEUTRAL AT B. RILEY

>>> PT Change

>>> Initiation
*ALCOBRA RATED NEW EQUALWEIGHT AT BARCLAYS
*JRP GROUP RATED NEW EQUALWEIGHT AT BARCLAYS; PT 119P
*VIASAT RATED NEW HOLD AT JEFFERIES, PT $85

>>> Call