>>> Europe : Brokers Upgrades & Downgrades - 20th of June 2016

>>> Up
*ABERTIS RAISED TO HOLD AT KEPLER CHEUVREUX
*CENTENE RAISED TO 'OVERWEIGHT' AT BARCLAYS
*DASSAULT SYSTEME REITERATE OUTPERFORM AT CREDIT SUISSE
*ENEL RAISED TO NEUTRAL VS UNDERPERFORM AT EXANE
*INMARSAT RAISED TO BUY VS NEUTRAL AT CITI
*TAURON RAISED TO OVERWEIGHT AT JPMORGAN
*VW RAISED TO OVERWEIGHT AT JPMORGAN

>>> Down
*COMMERCIAL INTL CUT TO NEUTRAL VS BUY AT GOLDMAN
*EFG-HERMES CUT TO NEUTRAL VS BUY AT GOLDMAN
*ENABLE MIDSTREAM CUT TO 'UNDERWEIGHT' AT BARCLAYS
*ENDESA CUT TO UNDERPERFORM VS NEUTRAL AT EXANE
*ENLINK MIDSTREAM LLC CUT TO 'EQUALWEIGHT' AT BARCLAYS
*EUROPRIS CUT TO SELL VS HOLD AT DNB
*PENNTEX MIDSTREAM CUT TO EQUALWEIGHT AT BARCLAYS
*TC PIPELINES LP CUT TO UNDERWEIGHT AT BARCLAYS
*UGI CORP. CUT TO UNDERWEIGHT AT BARCLAYS

>>> PT change


>>> Initiation
*COBHAM RESUMED AT BUY AT BOFAML; PT 165P
*COMTECH TELECOM RATED NEW OUTPERFORM AT BMO CAPITAL MARKETS
*COTIVITI HOLDINGS RATED NEW OUTPERFORM AT ROBERT BAIRD
*CREDIT AGRICOLE RATED NEW BUY AT JEFFERIES
*DUERR RATED NEW BUY AT BOFAML; PT EU80
*GMS RATED NEW NEUTRAL AT ROBERT BAIRD
*GRUPO BIMBO RATED NEW BUY AT HSBC
*MTS RATED NEW OUTPERFORM AT CREDIT SUISSE; PT $10
*ONTEX RATED NEW BUY AT KEPLER CHEUVREUX
*PROQR THERAPEUTICS RATED NEW NEUTRAL AT CHARDAN CAPITAL MARKETS

>>> Call
>> Stock
*ALLIANZ REMOVED FROM CITI FOCUS LIST
*EUSKALTEL, SEB REMOVED FROM SMALL & MIDCAP KEY CALLS AT UBS