>>> Up
* CYBG Upgraded to Buy at Citi; PT 2.45 Pounds
* CYBG Upgraded to Neutral at Credit Suisse; PT 2.15 Pounds
* Eramet Upgraded to Buy at BofAML
* Hastings Upgraded to Overweight at Barclays; PT 2.43 Pounds
* Henkel Upgraded to Neutral at Credit Suisse; PT 100 Euros
* Ibstock Upgraded to Buy at Peel Hunt; Price Target 2.55 Pounds
* Jost Werke Upgraded to Hold at Quirin Privatbank AG; PT 30 Euros
* Kamux Upgraded to Buy at Inderes; PT 7.40 Euros
* Kingspan Upgraded to Buy at Berenberg; PT 46 Euros
* Phoenix Upgraded to Buy at HSBC; PT 7.60 Pounds
* Renault Upgraded to Buy at Jefferies; Price Target 78 Euros
* Vesuvius Upgraded to Buy at HSBC; Price Target 6.75 Pounds
* Vivendi Upgraded to Buy at HSBC; Price Target 25 Euros
>>> Down
* Alfen Beheer BV Cut to Hold at Kepler Cheuvreux; PT 15 Euros
* Avon Rubber Cut to Sell at Panmure Gordon; PT 11.50 Pounds
* Covestro Downgraded to Neutral at BofAML
* Credit Suisse Downgraded to Sector Perform at RBC; PT 15 Francs
* Kingfisher Downgraded to Neutral at Goldman; PT 2.70 Pounds
* Kotipizza Group Downgraded to Hold at Inderes; PT 23 Euros
* SKF Downgraded to Hold at Jefferies; PT 145 Kronor
* Thales Downgraded to Neutral at Oddo BHF; Price Target 128 Euros
* UBS Downgraded to Neutral at Mediobanca SpA
>>> Initiation
* Asit Biotech Rated New Buy at Kepler Cheuvreux; PT 3 Euros
* Belimo Rated New Buy at Berenberg; PT 5,000 Francs
* DNA Rated New Sell at Berenberg; PT 16.20 Euros
* Elisa Rated New Hold at Berenberg; PT 37.10 Euros
* Gecina Reinstated at Deutsche Bank With Hold; PT 135 Euros
* Shurgard Self Storage Rated New Neutral at JPMorgan; PT 28 Euros
>>> Call