>>> Up
* Gresham House Energy Storage Fund/The Raised to Buy at Jefferies
* Lonza Raised to Outperform at RBC; PT 650 Swiss francs
* NatWest Raised to Buy at Investec; PT 245 pence
* Telia Raised to Buy at UBS
>>> Down
* Bico Group Cut to Hold at Handelsbanken
* Direct Line Cut to Hold at Numis; PT 270 pence
* Instone Real Estate Cut to Hold at Deutsche Bank; PT 13 euros
* Lululemon PT Cut to $310 from $424 at Argus
* Marshalls Cut to Hold at Deutsche Bank; PT 629 pence
* Simfabric Cut to Hold at BDM; PT 11.50 zloty
>>> Initiation
* Kier Rated New Buy at Panmure Gordon; PT 170 pence
* Talanx Reinstated Hold at Deutsche Bank; PT 45 euros
>>> Call
* Instone Downgraded, PT Slashed at Deutsche Bank on Estimate Cuts
* Lonza Up to Outperform on Strong Long-Term Demand Outlook: RBC