>>> Up
* Altice Upgraded to Overweight at Barclays; PT 11.20 Euros
* Altice USA Upgraded to Overweight at Barclays; PT $26
* BASF Upgraded to Outperform at Raymond James
* Bonava Upgraded to Hold at SEB Equities; PT 120 Kronor
* Croda Upgraded to Buy at Berenberg
* Elisa Upgraded to Overweight at JPMorgan; PT 37 Euros
* Elisa Raised to Hold at Kepler Cheuvreux; Price Target 34 Euros
* Highlight Communications Raised to Buy at DZ Bank; PT 6.20 Euros
* Iberdrola Upgraded to Outperform at Macquarie
* John Menzies Upgraded to Buy at Peel Hunt
* KBC Upgraded to Hold at Santander; PT 82.50 Euros
* TDC Upgraded to Overweight at JPMorgan; PT 46 Kroner
>>> Down
* Cargotec Cut to Underperform at Credit Suisse; PT 45 Euros
* Clariant Cut to Underperform at Raymond James; PT 24 Francs
* Com Hem Downgraded to Neutral at JPMorgan; PT 138 Kronor
* Connect Group Downgraded to Neutral at JPMorgan; PT 83 Pence
* Daily Mail Downgraded to Sell at Goldman on Structural Pressures
* Danske Bank Downgraded to Sector Perform at RBC; PT 270 Kroner
* Deutsche Wohnen Cut to Hold at HSBC; Price Target 43 Euros
* Homeserve Downgraded to Hold at Peel Hunt
* IMI Downgraded to Neutral at Credit Suisse; PT 12.70 Pounds
* Inter Parfums Downgraded to Sector Weight at Keybanc
* ING Downgraded to Underperform at Credit Suisse; PT 15 Euros
* Lexibook Cut to Neutral at Euroland Corporate; PT 1.50 Euros
* Mitie Downgraded to Reduce at Peel Hunt
* NCC Upgraded to Hold at Berenberg
* Neste Downgraded to Hold at SEB Equities; PT 60 Euros
* Praxair Downgraded to Outperform at Raymond James; PT $170
* Rentokil Downgraded to Add at Peel Hunt
* Restore Downgraded to Add at Peel Hunt
* Sanofi Downgraded to Underweight at Barclays; PT 65 Euros
* Serco Group Downgraded to Reduce at Peel Hunt
* Telekom Austria Cut to Hold at Raiffeisen Centrobank
* Vonovia Downgraded to Underperform at Credit Suisse; PT 41 Euros
* VP Downgraded to Hold at Peel Hunt
* WPP Downgraded to Neutral at Credit Suisse; PT 14.40 Pounds
* Zalando Downgraded to Hold at Stifel; Price Target 48 Euros
>>> Initiation
* ACS Rated New Hold at Bankinter Securities; PT 35.50 Euros
* Assa Abloy Rated New Hold at SEB Equities; PT 190 Kronor
* Beazley Rated New Buy at Jefferies; PT 6 Pounds
* Ferrovial Rated New Buy at Bankinter Securities; PT 21.37 Euros
* HSS Hire Group Resumed at Peel Hunt With Reduce; PT 20 Pence
* Liberty Interactive Rated New Buy at Spin-Off Research; PT $30
* Sacyr Rated New Hold at Bankinter Securities; PT 2.74 Euros
* Smart Metering Resumed at Peel Hunt With Hold; PT 7.73 Pounds
* Takkt Rated New Buy at Bankhaus Lampe
* Wacker Chemie Rated New Buy at Baader-Helvea; PT 203 Euros
>>> Call
>> Stock
* *K+S ADDED TO BANKHAUS LAMPE ALPHA LIST, REPLACES PFANDBRIEFBANK
* Schibsted Set for Re-Rating, Added to Conviction List at Goldman