>>> Up
* Bankinter Raised to Neutral at JPMorgan; PT 5.50 euros
* Berkeley Raised to Buy at Jefferies; PT 5,587 pence
* Heineken Raised to Buy at HSBC; PT 112 euros
* NatWest Raised to Buy at HSBC; PT 260 pence
* Olvi Raised to Buy at Nordea; PT 40 euros
* Sandnes Sparebank Raised to Buy at Pareto Securities
* Shaftesbury Raised to Buy at Citi; PT 755 pence
* Sparebanken More Raised to Buy at Pareto Securities
* SpareBank 1 Sorost-Norge Raised to Buy at Pareto Securities
* Sparebanken Ost Raised to Buy at Pareto Securities; PT 65 kroner
* Swedbank Raised to Buy at Arctic Securities; PT 180 kronor
>>> Down
* Anglo American Cut to Sector Perform at RBC; PT 3,400 pence
* Belships Cut to Hold at Fearnley; PT 23 kroner
* Boliden Cut to Hold at Handelsbanken
* Carrefour Cut to Neutral at Exane; PT 20 euros
* HeidelbergCement Cut to Hold at SocGen; PT 51 euros
* Holcim Cut to Hold at SocGen; PT 45 Swiss francs
* J. Martins Cut to Underperform at Exane; PT 19.50 euros
* Metso Outotec Cut to Reduce at Inderes; PT 9.20 euros
* Mildef Group Cut to Hold at SEB Equities; PT 72 kronor
* Pernod Ricard Cut to Dropped Coverage at Redburn
* Segro Cut to Hold at Panmure Gordon; PT 1,439 pence
>>> Initiation
* ADVA Optical Reinstated Neutral at Oddo BHF; PT 18 euros
* Electronic Arts Rated New Outperform at Bernstein; PT $157
* Ferguson Rated New Overweight at Barclays
* SFC Energy Rated New Buy at Berenberg; PT 37 euros
>>> Call
* Bureau Veritas Organic Growth Well Ahead of Views, RBC Says
* Citi Strategists Expect a Weaker 1Q Reporting Season in Europe
* Kering 1Q Beat Shows Gucci Is ‘One Step Behind:’ Bernstein
* Kering 1Q Looks ‘Mixed’ on Gucci Miss, Citi Sees Stock Falling