>>> Up
* Adobe Upgraded to Buy at DZ Bank; PT $252
* DSM Upgraded to Add at AlphaValue
* Gecina Upgraded to Buy at Natixis
* Gem Diamonds Upgraded to Buy at Citi
* Genel Energy Upgraded to Outperform at RBC; PT 2 Pounds
* IMI Upgraded to Neutral at UBS; Price Target 11.50 Pounds
* Innogy Upgraded to Hold at SocGen; PT 38.40 Euros
* Lufthansa Upgraded to Add at AlphaValue
* Micro Focus Upgraded to Neutral at Credit Suisse; PT 12 Pounds
* Micro Focus Upgraded to Hold at Investec; PT 10 Pounds
* Petra Diamonds Upgraded to Buy at Citi
* Prudential Upgraded to Outperform at MedioBanca; PT 22.27 Pounds
* Roku Upgraded to Market Perform at Oppenheimer
* Semperit AG Holding Upgraded to Buy at HSBC; PT 21 Euros
* Siemens Gamesa Raised to Outperform at Macquarie; PT 14.12 Euros
* Talanx Upgraded to Hold at DZ Bank; PT 35 Euros
>>> Down
* Axa Cut to Neutral at Citi, XL Group Deal Expensive, Adds Risks
* Barclays Downgraded to Hold at Investec
* Bonava Cut to Sell at SEB Equities; Price Target 120 Kronor
* Micro Focus Downgraded to Underweight at JPMorgan; PT 9 Pounds
* Oracle Downgraded to Sector Weight at Keybanc
* Oracle Downgraded to Hold at Stifel; Price Target $53
>>> Initiation
* Alcoa Rated New Neutral at Goldman; PT $52
* AK Steel Rated New Neutral at Goldman; PT $6
* Cleveland-Cliffs Rated New Neutral at Goldman; PT $8
* Freeport Rated New Buy at Goldman; PT $23
* National Grid Rated New Buy at SocGen; PT 8.50 Pounds
* Nucor Rated New Buy at Goldman; PT $78
* Pirelli Rated New Neutral at Intermonte; PT 7.20 Euros
* Siemens Healthineers Rated New Hold at Spin-Off Research
* U.S. Steel Rated New Neutral at Goldman; PT $45
>>> Call
>> Sector
* Goldman Initiates U.S. Metals & Mining Sector on ‘Fundamentals’