>>> Europe : Brokers Upgrades & Downgrades - 25th of October 2016

>>> Up
*Assa Abloy Raised to Buy at Jefferies, PT SK190
*Cobham Raised to Neutral at Exane BNP Paribas, PT 130p
*Segro Raised to Overweight at Barclays, PT 520p

>>> Down
*BURBERRY CUT TO NEUTRAL AT MAINFIRST
*Ericsson Cut to Neutral at JPMorgan, PT $5.40
*Ericsson Cut to Add at AlphaValue, PT SK49.80
*Just Eat Cut to Neutral at Macquarie, PT 560p
*Pearson Cut to Underperform at BofAML, PT 680p
*Premier Foods Cut to Hold at Jefferies, PT 50p
*Shawbrook Group Cut to Neutral at Credit Suisse
*VALEO CUT TO HOLD AT HSBC

>>> PT Change


>>> Initiation*
Elia Rated New Buy at Citi, PT EU56

>>> Call
>> Stock
*UBS ADDED TO EUROPEAN RECOMMENDED PORTFOLIO AT BARCLAYS