>>> Up
* APRIL Upgraded to Buy at Oddo BHF; PT 16.50 Euros
* Brunello Cucinelli Upgraded to Buy at Berenberg
* Daimler Upgraded to Buy at BofAML
* Kitron Raised to Buy at Norne Securities; Price Target 10 Kroner
* Lundbeck Upgraded to Market Perform at Bernstein
* PGS Upgraded to Overweight at Barclays; Price Target 47 Kroner
* PulteGroup Upgraded to Neutral at BTIG
* Salvatore Ferragamo Raised to Neutral at MainFirst
* Sandvik Upgraded to Buy at Kepler Cheuvreux; PT 191 Kronor
* Valmet Upgraded to Hold at DNB Markets; PT 18.50 Euros
* Wartsila Upgraded to Buy at ABG; PT 16 Euros
* Wartsila Upgraded to Buy at DNB Markets; PT 14.80 Euros
* Whitbread Shares Mispriced, PT Raised to Street High: Berenberg
>>> Down
* AMS Downgraded to Neutral at JPMorgan; PT 45 Francs
* AMS Downgraded to Hold at Liberum
* Bayer Downgraded to Add at AlphaValue
* Cineworld Downgraded to Equal-weight at Barclays; PT 3.05 Pounds
* GAM Holding Downgraded to Neutral at MainFirst; PT 6.50 Francs
* Genmab Downgraded to Hold at Berenberg
* Renault Downgraded to Equal-weight at Barclays; PT 83 Euros
* Repsol Downgraded to Hold at Deutsche Bank
>>> Initiation
* Cerved Group Rated New Hold at Berenberg; PT 9 Euros
* doBank Rated New Buy at Berenberg; PT 12.50 Euros
* EON Reinstated at Goldman With Buy; PT 10.40 Euros
* FNG Rated New Add at Bank Degroof Petercam; PT 31 Euros
* FRoSTA Rated New Neutral at NIBC Bank N.V.; PT 64.50 Euros
* Glaxo Rated New Peer Perform at Wolfe; PT 16.88 Pounds
* Greenyard Rated New Buy at NIBC Bank N.V.; PT 12 Euros
* Lotus Bakeries Rated New Sell at NIBC Bank N.V.; PT 1,600 Euros
* Novartis Rated New Outperform at Wolfe; PT 106 Francs
* Pirelli Rated New Buy at Oddo BHF; PT 7.20 Euros
* Roche Rated New Peer Perform at Wolfe; PT 253 Francs
* RWE Reinstated at Goldman With Buy; PT 22.40 Euros
* Sanofi Rated New Peer Perform at Wolfe; PT 83 Euros
* TER Beke Rated New Buy at NIBC Bank N.V.; PT 172 Euros
>>> Call