>>> Up
* Adidas Raised to Buy at Deutsche Bank; PT 360 euros
* ASA International Group Raised to Outperform at KBW
* British Land Raised to Buy at Liberum; PT 585 pence
* GEA Group Raised to Neutral at JPMorgan; PT 36 euros
* Puma Raised to Buy at Deutsche Bank; PT 120 euros
* SmartCraft Raised to Buy at Berenberg; PT 29 kroner
>>> Down
* Cembra Money Bank Cut to Hold at Deutsche Bank
* CompuGroup Cut to Hold at LBBW; PT 80.50 euros
* DKSH Cut to Hold at Stifel; PT 80 Swiss francs
* NIBE CUT TO HOLD VS BUY AT BERENBERG, PT SEK120
* ICADE Cut to Hold at Deutsche Bank; PT 74 euros
* Italgas Cut to Sector Perform at RBC
* Norway Royal Salmon Cut to Hold at Handelsbanken; PT 275 kroner
* Sartorius Cut to Hold at LBBW; PT 581 euros
* Schindler Cut to Hold at Stifel; PT 315 Swiss francs
* Snam Cut to Underperform at RBC; PT 4.55 euros
* Terna Cut to Underperform at RBC; PT 5.75 euros
>>> Initiation
* AB Foods Reinstated Hold at Deutsche Bank; PT 2,200 pence
* Admiral Reinstated Underperform at Jefferies; PT 2,600 pence
* Asos Reinstated Buy at Deutsche Bank; PT 5,400 pence
* Boohoo Reinstated Buy at Deutsche Bank; PT 400 pence
* Direct Line Rated New Buy at Jefferies; PT 390 pence
* Equinor ADRs Rated New Buy at MKM; PT $34
* H&M Reinstated Sell at Deutsche Bank; PT 150 kronor
* Inditex Reinstated Sell at Deutsche Bank; PT 22 euros
* LendInvest Rated New Buy at Berenberg; PT 270 pence
* Marks & Spencer Reinstated Buy at Deutsche Bank; PT 195 pence
* Next Reinstated Buy at Deutsche Bank; PT 9,200 pence
* Novem Group Rated New Neutral at JPMorgan; PT 17.50 euros
* Sabre Insurance Rated New Hold at Jefferies; PT 240 pence
>>> Call
* Direct Line is Jefferies’s Pick in Challenging U.K. Motor Market
* Italian Regulated Utilities’ Risks Underappreciated, RBC Says