>>> Up
* Alkemy Upgraded to Buy at Banca IMI; PT 14.90 Euros
* Buzzi Unicem Upgraded to Add at AlphaValue
* Dassault Aviation Upgraded to Hold at Berenberg
* Disney Upgraded to Market Perform at BMO; PT $100
* Generali Upgraded to Neutral at Citi
* Norsk Hydro Upgraded to Buy at Carnegie; PT 65 Kroner
* Orion Upgraded to Hold at SEB Equities; PT 26 Euros
* Puma Upgraded to Outperform at Raymond James
* SEB Upgraded to Add at AlphaValue
* VW Upgraded to Buy at Jefferies
>>> Down
* ASML Downgraded to Hold at Nord/LB; Price Target 180 Euros
* Fiat Chrysler Downgraded to Hold at Jefferies
* Hannover Re Downgraded to Sell at Citi
* Liberbank Cut to Neutral at GVC Gaesco Beka (ESN); PT 50 Cents
* Munich Re Downgraded to Neutral at Citi
* Prudential Downgraded to Neutral at Citi
* Rheinmetall Downgraded to Neutral at Equinet; PT 118 Euros
* Saipem Downgraded to Underperform at Jefferies
>>> Initiation
* Biofrontera Rated New Buy at Lake Street; PT 8 Euros
* Lekoil Rated New Buy at Numis
* Siemens Healthineers Rated New Sector Perform at RBC
* Siemens Healthineers Rated New Buy at Berenberg; PT 36.50 Euros
* Siemens Healthineers Rated New Equal-weight at Morgan Stanley
* Siemens Healthineers Rated New Neutral at JPMorgan
* *SMA SOLAR INITIATED WITH PT 25 EUROS AT AMPAC
>>> Call