>>> Up
* Bonava Upgraded to Buy at Handelsbanken; PT 122 Kronor
* EssilorLuxottica Upgraded to Overweight at Morgan Stanley
* Morrison Upgraded to Buy at Deutsche Bank
* Petra Diamonds Upgraded to Hold at Berenberg
* Sainsbury Upgraded to Buy at Deutsche Bank
* Sanofi Upgraded to Overweight at Morgan Stanley; PT 90 Euros
* Scandic Upgraded to Buy at SEB Equities; Price Target 90 Kronor
* Swedbank Upgraded to Overweight at Morgan Stanley
>>> Down
* Aena Downgraded to Equal-weight at Barclays; PT 167 Euros
* Elisa Oyj Downgraded to Sell at Citi
* Investec Cut to Hold at Renaissance Capital; PT 5.30 Pounds
* Metro AG Downgraded to Sell at Deutsche Bank
* SEB Downgraded to Underweight at Morgan Stanley
* Telenor Downgraded to Equal-weight at Barclays; PT 185 Kroner
>>> Initiation
* Prosus Rated New Overweight at Morgan Stanley; PT 92 Euros
>>> Call
* Cineworld’s Valuation Far Too Low Amid U.S. Improvement: Citi
* EssilorLuxottica Synergy Scope Sees Upgrade at Morgan Stanley
* Petra Diamonds Up to Hold But Market Remains Tough: Berenberg
* Swedbank New Top Pick Among Nordic Banks at Morgan Stanley