>>> Up
* Exor Raised to Buy at Kepler Cheuvreux, PT EU59.60
* Mapfre Raised to Neutral at BPI, PT EU2.90
* RSA Raised to Overweight at JPMorgan, PT 725p
* Spar Nord Raised to Buy at Handelsbanken, PT DKK95
>>> Down
* Admiral Cut to Neutral at JPMorgan, PT GBP19.80
* Beni Stabili SpA SIIQ Cut to Neutral at Exane, PT EU0.74
* Carlsberg Cut to Reduce at Handelsbanken, PT DKK745
* Esure Cut to Underweight at JPMorgan, PT 290p
* Lookers Cut to Hold at Berenberg
* Martela Cut to Reduce at Inderes, PT EU8.10
* Pendragon Cut to Hold at Berenberg
* Philips Cut to Hold at Kepler Cheuvreux, PT EU36
* Premier Cut to Sector Weight at Keybanc
* Roche Cut to Hold at Berenberg
>>> Initiation
* Adidas New Neutral at Wedbush, PT EU195
* Frey New Hold at Kepler Cheuvreux, PT EU27
* Pfeiffer Vacuum New Outperform at MainFirst, PT EU150
>>> Call