>>> Up
* AB InBev Upgraded to Sector Perform at RBC
* Ashmore Upgraded to Hold at HSBC; PT 3.95 Pounds
* Galp Upgraded to Reduce at AlphaValue
* Leoni Upgraded to Buy at HSBC; PT 65 Euros
* Next Upgraded to Reduce at AlphaValue
* Paradox Interactive Upgraded to Buy at Carnegie; PT 185 Kronor
>>> Down
* Aker BP Downgraded to Sector Perform at RBC; PT 320 Kroner
* ElringKlinger Downgraded to Reduce at HSBC; PT 12 Euros
* KPN Downgraded to Neutral at Goldman; PT 2.70 Euros
* NKT Downgraded to Neutral at JPMorgan; PT 190 Kroner
* Pandora Downgraded to Neutral at JPMorgan; PT 700 Kroner
* Richemont Downgraded to Hold at SBG Securities; PT 93 Francs
>>> Initiation
* Fiat Chrysler Rated New Buy at HSBC
>>> Call