>>> Up
* Colgate Raised to Overweight at Morgan Stanley, PT $84
* Tullow Raised to Hold at Stifel, PT 180p
* Under Armour Raised to Overweight at Keybanc, PT $20
* Wacker Chemie Raised to Buy at Berenberg
>>> Down
* Autogrill Cut to Hold at Kepler Cheuvreux, PT EU11.30
* Countrywide Cut to Underperform at Credit Suisse, PT 111p
>>> Initiation
* BMW New Neutral at Bryan Garnier, PT EU89
* Cairn Energy New Buy at Peel Hunt, PT 240p
* Daimler New Buy at Bryan Garnier, PT EU87
* Fabasoft New Hold at M.M. Warburg, PT EU11
* Peugeot New Sell at Bryan Garnier, PT EU19
* Renault New Buy at Bryan Garnier, PT EU99
>>> Call