>>> Up
* Cofinimmo Upgraded to Hold at SocGen; PT 115 Euros
* Fuchs Petrolub Upgraded to Buy at Berenberg
* Merlin Upgraded to Hold at Berenberg
* Metso Upgraded to Buy at Jefferies; PT 40 Euros
* Six Flags Upgraded to Overweight at KeyBanc; PT Set to $62
* Telia Upgraded to Overweight at Barclays; PT 50 Kronor
>>> Down
* Carnival Downgraded to Hold at Berenberg
* IAG Downgraded to Market Perform at Bernstein
* Lufthansa Downgraded to Market Perform at Bernstein
* Norwegian Air Downgraded to Underperform at Bernstein
* SSAB Cut to Underweight at JPMorgan; Price Target 29.50 Kronor
>>> Initiation
* Millicom Reinstated at SEB Equities With Buy; PT $660
* NENT Rated New Sell at SEB Equities; PT 210 Kronor
* Scout24 Resumed at Morgan Stanley With Overweight; PT 52 Euros
>>> Call
* Carnival Performance Weakening, But Valuation Fair: Berenberg
* Fuchs Petrolub Has Overwhelming Cash Flow Potential: Berenberg
* Metso Is Progressing, Rating, PT and Estimates Raised: Jefferies