>>> Europe : Brokers Upgrades & Downgrades - 21st of December 2017

>>> Up
* Ferrovial Upgraded to Buy at Santander; PT 22 Euros
* Norsk Hydro Upgraded to Hold at DNB Markets; PT 58 Kroner
* Visiativ Upgraded to Buy at Euroland Corporate; PT 48.50 Euros

>>> Down
* Norwegian Air Downgraded to Sell at SpareBank; PT 100 Kroner
* United Internet Downgraded to Hold at Bankhaus Lampe

>>> Initiation
* Bakkavor Group Rated New Overweight at Barclays; PT 2.12 Pounds
* Bakkavor Group Rated New Equal-weight at Morgan Stanley

>>> Call