>>> Upgrade
* Asos Upgraded to Equal-weight at Morgan Stanley; PT 21 Pounds
* Celanese Upgraded to Overweight at JPMorgan; PT $120
* Fraport Upgraded to Outperform at MainFirst; PT 90 Euros
* Lindt & Spruengli Raised to Equal-weight at Barclays
* Morgan Advanced Upgraded to Buy at Jefferies
* Norma Upgraded to Hold at SocGen; PT 30 Euros
* Prysmian Upgraded to Buy at Kepler Cheuvreux; PT 23 Euros
>>> Downgrade
* BHP Group PLC Downgraded to Hold at Liberum
* DSV Downgraded to Sell at Handelsbanken; Price Target 590 Kroner
* Heidelberger Druck Downgraded to Hold at Berenberg
* HSBC Downgraded to Hold at Jefferies; PT 6.91 Pounds
* Petra Diamonds Downgraded to Sell at Berenberg
* Rio Tinto Downgraded to Hold at Liberum
* Swedish Match Downgraded to Neutral at Citi
* Whitbread Downgraded to Reduce at Kepler Cheuvreux; PT 43 Pounds
>>> Initiation
* Boliden Rated New Market Perform at BMO; PT 230 Kronor
* Trainline Rated New Hold at Peel Hunt; PT 4 Pounds
* Wincanton Rated New Buy at HSBC; PT 3.11 Pounds
>>> Call
* Asos Expectations Reset, Raised to Equal-Weight: Morgan Stanley