>>> Up
* Alfa Laval Downgraded to Reduce at Handelsbanken; PT 240 Kronor
* Antofagasta Upgraded to Buy at BofAML
* Barclays Upgraded to Buy at Berenberg
* Castings Upgraded to Buy at Peel Hunt
* Kaufman & Broad Raised to Hold at Kepler Cheuvreux; PT 40 Euros
* Nexity Raised to Hold at Kepler Cheuvreux; Price Target 47 Euros
* RSA Upgraded to Buy at Berenberg
* Scor Upgraded to Neutral at Goldman; PT 38 Euros
* Serco Upgraded to Neutral at Citi
* Thomas Cook Upgraded to Hold at Berenberg
* United Utilities Upgraded to Buy at Deutsche Bank
* Zalando Upgraded to Neutral at MainFirst; Price Target 35 Euros
>>> Down
* AB InBev Cut at Jefferies on EM Worries, PT Trimmed at MS
* EasyJet Downgraded to Underperform at Bernstein
* *ITALIAN BANKS DOWNGRADED TO NEUTRAL FROM OVERWEIGHT AT CITI
* Metso Downgraded to Reduce at Handelsbanken; PT 30 Euros
* Sampo Downgraded to Neutral at JPMorgan; Price Target 50 Euros
* SKF Downgraded to Reduce at Handelsbanken; PT 175 Kronor
* Stentys Downgraded to Add at Gilbert Dupont
* Telecom Italia Cut to Underweight at Barclays; PT 43 Cents
* Trelleborg Cut to Accumulate at Handelsbanken; PT 210 Kronor
* Valmet Cut to Accumulate at Handelsbanken; Price Target 22 Euros
* Vestas Downgraded to Neutral at JPMorgan; PT 450 Kroner
>>> Initiation
* Garrett Motion Rated New Underperform at RBC; PT $14
>>> Call