>>> Up
* BASF Upgraded to Overweight at Barclays; PT 105 Euros
* Britvic Upgraded to Buy at SocGen; PT 9.45 Pounds
* Scor Upgraded to Outperform at MedioBanca; Price Target 38 Euros
>>> Down
* AB Foods Downgraded to Neutral at Goldman; PT 30 Pounds
* Bakkavor Downgraded to Hold at HSBC; Price Target 2.10 Pounds
* Bunzl Downgraded to Neutral at Goldman; Price Target 25 Pounds
* Commerzbank Cut to Equal-weight at Morgan Stanley; PT 12 Euros
* Cosmo Downgraded to Underperform at Credit Suisse; PT 85 Francs
* Munich Re Downgraded to Underperform at MedioBanca; PT 188 Euros
* ProSieben Downgraded to Sell at Goldman; PT 26.30 Euros
* Swiss Re Downgraded to Underperform at MedioBanca; PT 93 Francs
>>> Initiation
* Magforce Rated New Outperform at MainFirst; PT 15.60 Euros
* Monte Paschi Rated New Buy at Hammer Partners SA; PT 3.60 Euros
* Safe Orthopaedics Reinstated Neutral at Louis Capital Markets
* Solvay Reinstated at MainFirst With Outperform; PT 141 Euros
>>> Call