>>> Up
* Bytes Technology Raised to Buy at Numis; PT 500 pence (+)
* Covestro Raised to Buy at Baader Helvea; PT 45.50 euros
* Disney Raised to Buy at Fubon; PT $126 (+)
* E.On Raised to Overweight at JPMorgan; PT 13 eurosr
* FinecoBank Raised to Buy at Deutsche Bank; PT 17.60 euros
* ICADE Raised to Overweight at Morgan Stanley
* Kion Raised to Buy at Deutsche Bank; PT 42 euros
* Komax Raised to Buy at Baader Helvea; PT 300 Swiss francs
* Marks & Spencer Raised to Neutral at Exane
* Marks & Spencer Raised to Neutral at Goldman; PT 180 pence
* Marks & Spencer Raised to Buy at Citi; PT 175 pence
* Nokian Renkaat Raised to Buy at Inderes; PT 11 euros (+)
* Rentokil Raised to Neutral at Exane; PT 555 pence
* Santander Raised to Outperform at Exane; PT 4.40 euros (+)
* Ubisoft Raised to Buy at HSBC; PT 26 euros
* Zalando Raised to Outperform at Exane
>>> Down
* Avio Cut to Hold at Intesa Sanpaolo; PT 9.50 euros (+)
* Luceco Cut to Hold at Peel Hunt
* Vonovia Cut to Underweight at Morgan Stanley
>>> Initiation
* Benchmark Holdings Rated New Buy at DNB Markets; PT 52.59 pence (+)
* CT Property Trust Ltd Rated New Buy at Panmure Gordon
* Gjensidige Reinstated Underperform at Exane; PT 170 kroner
* Kion Shares Could Eventually Double, Deutsche Bank Raises to Buy (+)
* Sampo Reinstated Neutral at Exane; PT 45 euros
* SkiStar Rated New Buy at Nordea; PT 135 kronor
* Topdanmark Reinstated Underperform at Exane; PT 364 kroner
* Tryg Reinstated Outperform at Exane; PT 168 kroner
>>> Call
* Citi Strategists Recommend Going Long Europe Banks, Short US (+)
* Covestro a Value Play for Medium Term, Baader Upgrades to Buy
* E.On Reaching Inflection Point, Raised to Overweight at JPMorgan
* M&S Gets Upgrades at Both Citi and Exane on More Positive Data
* Vonovia Cut, Icade Raised in Morgan Stanley’s Property Coverage