>>> Up
*Arcadis Raised to Buy at ING
*Capita Raised to Buy at HSBC, PT GBP8.20
*Eiffage Raised to Buy at Goldman, PT EU96
*Compass Raised to Buy at HSBC, PT GBP18.50
*Elior Group Raised to Buy at HSBC, PT EU30
*Weatherford Raised to Overweight at Barclays
>>> Down
*Aena Cut to Sell at Goldman, PT EU179
*B&M European Cut to Equal-weight at Morgan Stanley, PT 350p
*BP Cut to Underperform at Macquarie
*Centamin Cut to Equal-weight at Morgan Stanley, PT 170p
*Chevron Cut to Neutral at Macquarie
*Christian Dior Cut to Hold at HSBC, PT EU259
*Edenred Cut to Hold at HSBC, PT EU24.40
*Eni Cut to Neutral at Macquarie
*LVMH Cut to Hold at HSBC, PT EU246
*Philips Cut to Neutral at Natixis
*Repsol Cut to Neutral at Macquarie
*Shell Cut to Neutral at Macquarie
*Shell Cut to Reduce at AlphaValue
*Schlumberger Cut to Equal-weight at Barclays
*Soco Cut to Underperform at Macquarie
*Sodexo Cut to Reduce at HSBC, PT EU110
*Zurich Ins. Cut to Neutral at MainFirst, PT CHF300
>>> Initiation
*888 New Overweight at JPMorgan, PT 320p
*Akzo Nobel Reinstated Neutral at Goldman, PT EU85
*Autogrill New Buy at HSBC, PT EU13.10
*Autoliv New Neutral at Guggenheim, PT $102
*Ladbrokes Coral New Overweight at JPMorgan, PT 133p
*Paddy Power New Neutral at JPMorgan, PT 8,420p
*William Hill New Neutral at JPMorgan, PT 260p
>>> Call