>>> Europe : Brokers Upgrades & Downgrades - 22nd of June 2017

>>> Up
*Alfa Laval Raised to Overweight at Morgan Stanley, PT SEK207
*Centrica Raised to Hold at HSBC, PT GBP2.02
*Colonial Raised to Add at AlphaValue
*Faroe Petroleum Raised to Overweight at Barclays, PT GBP1.10
*KPN Raised to Overweight at Barclays
*Rotork Raised to Overweight at Morgan Stanley, PT 292p
Schneider Raised to Buy at Liberum

>>> Down
*Aeroports de Paris Cut to Neutral at MainFirst, PT EU145
*Genel Energy Cut to Underweight at Barclays, PT GBP1
*KBC Cut to Hold at Kepler Cheuvreux, PT EU63
*Reckitt Benckiser Cut to Hold at SocGen, PT 8,900p
*Soco Cut to Underweight at Barclays, PT GBP1.30
*Subsea 7 Cut to Equal-weight at Morgan Stanley, PT NOK155

>>> Initiation
*C&C New Reduce at HSBC, PT EU3.00
*Global Ports Holding New Overweight at Barclays
*Global Ports Holding New Buy at Citi, PT 950p
*Global Ports Holding New Buy at Goldman
*Koninklijke Volkerwessels New Buy at ING
*Koninklijke Volkerwessels New Overweight at Morgan Stanley
*Koninklijke Volkerwessels New Buy at ABN Amro Bank, PT EU29
*Novozymes New Sell at UBS, PT DKK240
*Watkin Jones New Buy at Jefferies, PT 250p

>>> Call