>>> Up
* Akzo Nobel Raised to Buy at SocGen; PT 65 euros
* BMW Raised to Neutral at Citi; PT 45 euros
* Elementis Raised to Buy at HSBC; PT 85 pence
* Encavis Raised to Buy at Berenberg; PT 10 euros
* Entra Raised to Buy at SEB Equities; PT 146 kroner
* H&M Raised to Buy at Citi; PT 130 kronor
* Heineken Raised to Buy at Berenberg; PT 90.80 euros
* Inficon Raised to Buy at Research Partners; PT 650 Swiss francs
* Johnson Matthey Raised to Neutral at JPMorgan; PT 2,300 pence
* Nornickel GDRs Raised to Overweight at JPMorgan; PT $25
* PSP Swiss Raised to Buy at Research Partners
* Remedy Entertainment Raised to Hold at SEB Equities
* REN Raised to Buy at Citi
* Sainsbury Raised to Hold at HSBC; PT 200 pence
* Snam Raised to Neutral at Citi; PT 3.60 euros
* SoftBank ADRs Raised to Buy at Jefferies; PT $19.92
* SSP Raised to Neutral at Goldman; PT 260 pence
* Stora Enso Oyj Raised to Buy at Jefferies; PT 10 euros
* Subsea 7 Raised to Buy at HSBC; PT 70 kroner
* Tesco Raised to Buy at HSBC; PT 250 pence
>>> Down
* AB InBev PT Cut to 55.20 euros from 94.60 euros at Berenberg
* Acciona Cut to Sell at Citi; PT 90 euros
* Airbus Cut to Hold at Berenberg; PT 65 euros
* Ashtead PT Cut to 1,400 pence from 2,400 pence at Deutsche Bank
* Carlo Gavazzi Cut to Hold at Research Partners
* Covestro Cut to Neutral at JPMorgan; PT 24 euros
* Enel Cut to Sell at Citi; PT 5 euros
* Ferratum Cut to Hold at Pareto Securities; PT 3 euros
* Pearson Cut to Reduce at AlphaValue
* PGS ASA Cut to Hold at Arctic Securities; PT 4 kroner
* Securitas PT Cut to 80 kronor from 135 kronor at Deutsche Bank
* Umicore Cut to Underweight at JPMorgan; PT 32.70 euros
* Zalando Cut to Add at Baader Helvea; PT 36 euros
>>> Initiation
>>> Call
* Heineken, Carlsberg Raised at Berenberg as Defensive Picks
* Covid-19 Is Opportunity for German IT Service Firms: Berenberg
* European Airports Face $15 Billion Revenue Loss on Virus
* H&M Measures Make it Relative Winner, Upgraded at Citi