>>> Up
* Banca Farmafactoring Raised to Overweight at Morgan Stanley
* Bunzl Raised to Overweight at JPMorgan; PT 2,350 pence
* Finnair Raised to Hold at HSBC; PT 65 euro cents
* Rentokil Raised to Overweight at JPMorgan; PT 560 pence
* Rotork Raised to Outperform at Exane; PT 320 pence
* SKF Raised to Buy at SEB Equities; PT 202 kronor
* Societa Cattolica Raised to Hold at SocGen; PT 5 euros
>>> Down
* Airbus Cut to Market Perform at Bernstein; PT 69 euros
* Boeing Cut to Market Perform at Bernstein; PT $165
* ConvaTec Cut to Add at Peel Hunt; PT 225 pence
* Crest Nicholson Cut to Hold at Jefferies; PT 226 pence
* EDP Cut to Hold at HSBC; PT 4.40 euros
* Enel Cut to Hold at HSBC; PT 8 euros
* Fraport Cut to Reduce at Commerzbank; PT 29 euros
* Iberdrola Cut to Hold at HSBC; PT 11.30 euros
* Safestore Cut to Hold at Berenberg; PT 750 pence
>>> Initiation
* Hermes International Rated New Neutral at Citi; PT 785 euros
* InterContinental Hotels Rated New Buy at Peel Hunt
* Intermediate Capital Rated New Add at Peel Hunt; PT 1,456 pence
* Vetoquinol Rated New Buy at MainFirst; PT 77 euros
* Virbac Rated New Hold at MainFirst; PT 200 euros
>>> Call
* Crest Nicholson Cut, Still Value in Housebuilders: Jefferies
* InterContinental is a Global Leader in Hotels, Peel Hunt Says
* Genfit, Puma Fall After BofA Initiates with Underperform Rating
* Safestore Growth to Become More Muted, Cut to Hold: Berenberg