>>> Up
* AIB Group Upgraded to Overweight at JPMorgan; PT 4.90 Euros
* Air France-KLM Upgraded to Outperform at Davy
* Amplifon Upgraded to Buy at Commerzbank; PT 19 Euros
* Atresmedia Upgraded to Buy at Citi
* Brenntag Upgraded to Buy at Goldman; PT 55 Euros
* Deutsche Wohnen Upgraded to Overweight at JPMorgan; PT 49 Euros
* Fraport Upgraded to Neutral at Goldman; PT 73 Euros
* Kojamo Upgraded to Overweight at JPMorgan; PT 10.70 Euros
* Kuehne + Nagel Upgraded to Add at AlphaValue
* Mediaset Espana Upgraded to Buy at Citi
* Phoenix Group Holdings Raised to Equal-weight at Barclays
>>> Down
* Capital & Regional Cut to Neutral at JPMorgan; PT 32 Pence
* Castellum Cut to Neutral at JPMorgan; Price Target 178 Kronor
* Daily Mail Downgraded to Sell at Citi; PT Set to 5.20 Pounds
* Deutsche Telekom Downgraded to Sell at Berenberg
* Eurocommercial GDRs Cut to Neutral at JPMorgan; PT 29 Euros
* Hammerson Downgraded to Neutral at JPMorgan; PT 4.10 Pounds
* Hiscox Downgraded to Underperform at KBW; PT 13.15 Pounds
* Hypoport Downgraded to Hold at Bankhaus Metzler; PT 186 Euros
* Kingfisher Downgraded to Underperform at RBC; PT 2 Pounds
* Klepierre Downgraded to Neutral at JPMorgan; PT 33 Euros
* Loomis Downgraded to Neutral at Goldman; PT 360 Kronor
* Panalpina Downgraded to Hold at Jefferies
* Pandora Downgraded to Neutral at Citi
* Rentokil Downgraded to Neutral at Goldman; PT 4.20 Pounds
* Saipem Downgraded to Reduce at AlphaValue
* Salvatore Ferragamo Downgraded to Sell at Citi
* Shaftesbury Downgraded to Neutral at JPMorgan; PT 9.50 Pounds
* TF1 Downgraded to Sell at Citi
* Tod's Downgraded to Neutral at Citi
* Vastned Downgraded to Neutral at JPMorgan; PT 34 Euros
* Weibo ADRs Downgraded to Neutral at Nomura; PT $61
* Zurich Airport Downgraded to Sell at Goldman; PT 167 Francs
>>> Initiation
* Entra Rated New Equal-weight at Barclays; PT 120 Kroner
* Fabege Rated New Overweight at Barclays; PT 150 Kronor
* Hufvudstaden Rated New Underweight at Barclays; PT 140 Kronor
* Manolete Partners Rated New Buy at Peel Hunt; PT 2.35 Pounds
* SolGold Rated New Overweight at JPMorgan; PT 90 Pence
>>> Call