>>> Up
*Castellum Raised to Buy at Goldman
*DNB Raised to Outperform at Macquarie, PT NOK165
*Eurocommercial Properties Raised to Neutral at Goldman
*ING Raised to Add at AlphaValue
*Innogy Raised to Hold at HSBC, PT EU36
*Intu Raised to Buy at Goldman
*LEG Immobilien Raised to Buy at Goldman
*Petrofac Raised to Buy at Jefferies, PT 500p
*RWE Raised to Buy at HSBC, PT EU22.50
*Thomson Reuters Raised to Outperform at Macquarie
*Vonovia Raised to Neutral at Goldman
>>> Down
*Ascential Cut to Hold at Deutsche Bank
*EDP Cut to Equal-weight at Morgan Stanley, PT EU3.40
*Gecina Cut to Neutral at Goldman
*Inditex Cut to Hold at Berenberg
- Intercontinental cut to underweight vs equalweight, PT from 4,300 to 3,800p
*ITV Cut to Neutral at Macquarie
*PGS Cut to Add at AlphaValue
*Philips Lighting Cut to Hold at ING
*Porr Cut to Hold at Berenberg
*Proximus Cut to Sell at Citi
*Shaftesbury Cut to Sell at Goldman
*Tullow Cut to Reduce at AlphaValue
>>> Initiation
*Aberdeen New Hold at Berenberg, PT 290p
*Ashmore New Buy at Berenberg, PT 400p
*DFDS New Equal-weight at Morgan Stanley, PT DKK425
*Ericsson New Hold at SocGen
*Jupiter New Hold at Berenberg, PT 500p
*Nokia New Buy at SocGen
*Petrofac New Overweight at JPMorgan, PT 570p
*Schroders New Buy at Berenberg, PT 3,580p
>>> Call
>> Sector
*ENTRA ADDED TO CONVICTION LIST AT GOLDMAN, BUY RATING UNCHANGED