>>> Up
* Daimler Upgraded to Overweight at Morgan Stanley; PT 60 Euros
* Europris Upgraded to Buy at SEB Equities; PT 30 Kroner
* H&M Upgraded to Reduce at Handelsbanken; PT 125 Kronor
* Maisons du Monde Upgraded to Buy at Goldman; PT 29 Euros
* Plus500 Upgraded to Add at Peel Hunt
* Rentokil Upgraded to Buy at Citi
* Rio Tinto Upgraded to Add at AlphaValue
* SES GDRs Upgraded to Overweight at Barclays; PT 21.60 Euros
* Siemens Gamesa Upgraded to Buy at HSBC; PT 15.20 Euros
* SIF Upgraded to Buy at HSBC; Price Target 14 Euros
* Symrise Upgraded to Neutral at Goldman; PT 73.50 Euros
* Tecnicas Reunidas Upgraded to Buy at Oddo BHF; PT 29 Euros
* Vonovia Upgraded to Outperform at Credit Suisse; PT 53.60 Euros
>>> Down
* Adidas Downgraded to Neutral at UBS
* ADO Properties Cut to Neutral at Credit Suisse; PT 57 Euros
* Close Brothers Downgraded to Sell at Citi
* Deutsche Wohnen Cut to Neutral at Credit Suisse; PT 47.20 Euros
* DSM Upgraded to Buy at Goldman; PT 101.50 Euros
* Elisa Downgraded to Neutral at JPMorgan; PT 38 Euros
* Essity Downgraded to Reduce at Handelsbanken; PT 245 Kronor
* Intertek Downgraded to Hold at Jefferies
* Logista Downgraded to Hold at SocGen; PT 23.50 Euros
* Mediaset Downgraded to Underweight at Barclays; PT 2.50 Euros
* Siltronic Downgraded to Hold at Kepler Cheuvreux; PT 92 Euros
* Suez Downgraded to Hold at Jefferies
>>> Initiation
* AB InBev Rated New Hold at SocGen; PT 66 Euros
* Carlsberg Rated New Buy at SocGen; PT 850 Kroner
* Ferrovial Rated New Outperform at MainFirst; PT 22.60 Euros
* Heineken Rated New Buy at SocGen; PT 95 Euros
* Oxurion Rated New Buy at Kepler Cheuvreux; PT 5.50 Euros
>>> Call