>>> Up
* Eutelsat Upgraded to Buy at Kepler Cheuvreux; PT 22 Euros
* Hellenic Petroleum Upgraded to Add at AlphaValue
* SES GDRs Upgraded to Hold at Kepler Cheuvreux; PT 14 Euros
* Vallourec Upgraded to Buy at SocGen; PT 6.05 Euros
>>> Down
* Avanza Downgraded to Hold at SEB Equities; PT 345 Kronor
* Gemalto Downgraded to Neutral at UBS; PT 51 Euros
* Low & Bonar Downgraded to Hold at Berenberg; PT 60 Pence
* Rolls-Royce Downgraded to Reduce at AlphaValue
* Zehnder Group Cut to Hold at Research Partners; PT 40 Francs
>>> Initiation
* Fingroup Rated New Buy at SRH AlsterResearch; PT 5 Euros
>>> Call