>>> Up
* Air Liquide Cut to Hold at HSBC; PT 143 euros
* Deutsche Telekom Raised to Outperform at Credit Suisse (+)
* Deutsche Wohnen Raised to Neutral at Goldman; PT 37.20 euros
* Diageo Raised to Outperform at Credit Suisse; PT 3,450 pence (+)
* Entra Raised to Hold at Pareto Securities; PT 170 kroner
* Linde Raised to Buy at Redburn
* Linde Raised to Buy at HSBC; PT $272
* MTU Aero Raised to Buy at Berenberg; PT 230 euros
* Ontex Raised to Neutral at Credit Suisse; PT 9.70 euros (+)
* Salzgitter Raised to Buy at Nord/LB; PT 21 euros
* TER Beke Raised to Accumulate at KBC Securities (+)
* Thyssenkrupp Raised to Buy at Deutsche Bank; PT 8 euros
* Unibail Raised to Neutral at Goldman; PT 61 euros
* Volvo Raised to Buy at HSBC; PT 235 kronor
>>> Down
* AB Dynamics Cut to Hold at Panmure Gordon; PT 2,220 pence (+)
* ADP Cut to Underweight at Morgan Stanley; PT 110 euros
* Aperam Cut to Hold at Deutsche Bank
* Bankia Cut to Hold at HSBC; PT 1.51 euros
* CaixaBank Cut to Hold at HSBC; PT 2.20 euros
* Citycon Cut to Sell at ABN Amro Bank; PT 7 euros
* Codemasters Cut to Hold at Berenberg; PT 485 pence
* Collector Cut to Hold at ABG; PT 18 kronor
* Deutz Cut to Hold at HSBC; PT 5.50 euros
* Elkem Cut to Hold at SEB Equities; PT 31 kroner
* Ford Cut to Equal-Weight at Morgan Stanley; PT $9
* General Motors PT Raised to $53 from $44 at Morgan Stanley
* Kesko Cut to Sell at Handelsbanken; PT 18 euros
* Metro Bank Cut to Sell at Investec; PT 110 pence (+)
* NatWest Cut to Sell at Investec; PT 145 pence (+)
* Norden Cut to Hold at ABG; PT 113 kroner
* Pernod Ricard Cut to Neutral at Credit Suisse; PT 172 euros (+)
* Voestalpine Cut to Hold at Deutsche Bank
* Zehnder Cut to Hold at Research Partners; PT 50 Swiss francs
>>> Initiation
* Clinigen Rated New Neutral at JPMorgan; PT 650 pence
* Datagroup Rated New Buy at Stifel; PT 57 euros
* Gamesys Group PLC Rated New Outperform at Davy
* MorphoSys ADRs Rated New Equal-Weight at Morgan Stanley
* MorphoSys Rated New Equal-Weight at Morgan Stanley
* MPC Container Ships Rated New Buy at Pareto Securities
* RELX Reinstated Buy at Goldman; PT 2,276.92 pence
* Teva ADRs Reinstated Market Perform at Oppenheimer
>>> Call
* ABN’s Optical Cheapness Doesn’t Make it a Value Stock: Jefferies (+)
* Babcock 1H Update Indicates Much to Do in 2H, RBC Says (+)
* Brewin Dolphin FY Earnings and Dividend Both Beats, RBC Says (+)
* Elior Covenant Waiver Should Be Taken Very Positively, Citi Says (+)
* Morgan Stanley Remains Cautious on Airports, Downgrades ADP
* MorphoSys Upside Must Wait on Pivotal Monjuvi Data, MS Says
* MTU Aero Positioned for Recovery, Earnings Can Double: Berenberg
* Nordic Banks Have Best Spot in Dividend Debate, Citi Says
* Rotork 3Q Shows Robust Trading, Self-Help Benefits: Jefferies
* United Utilities 1H Slight Beat, Reassuring Overall: Jefferies (+)
* Virgin Money Reaction May Be Cautious After Recent Gains: Citi (+)