>>> Europe : Brokers Upgrades & Downgrades - 26th of April 2017

>>> Up
*Concordia Maritime Raised to Buy at Swedbank, PT SEK19
*DAN IM Raised to Outperform at MedioBanca
*GN Raised to Buy at HSBC, PT DKK185
*Sabadell Raised to Buy at Citi, PT EU2.15
*Sky Raised to Buy at Jefferies, PT 1,200p
*Vaisala Raised to Accumulate at Inderes, PT EU42
*VW Raised to Buy at Bankhaus Lampe, PT EU190

>>> Down
*Coloplast Cut to Hold at HSBC, PT DKK585
*Grenke Cut to Hold at HSBC, PT EU188
*Hispania Activos Inmobiliarios SOCIMI Cut to Neutral at Goldman
*Innogy Cut to Reduce at HSBC, PT EU31
*Next Cut to Underperform at Jefferies
*SAP Cut to Sell at Stifel, PT EU75
*Severn Trent Cut to Reduce at HSBC, PT GBP22
*Tele2 Cut to Neutral at New Street Research, PT SEK90
*William Demant Cut to Reduce at HSBC, PT DKK135

>>> Initiation
*Autogrill New Buy at Deutsche Bank, PT EU11.50
*Compass New Hold at Deutsche Bank, PT 1,600p
*Edenred New Hold at Deutsche Bank, PT EU24
*Elior Group New Buy at Deutsche Bank, PT EU25
*Genfit New Buy at Natixis, PT EU45
*Nets New Neutral at Citi, PT DKK122
*Sodexo New Buy at Deutsche Bank, PT EU125
*SSP New Hold at Deutsche Bank, PT 440p

>>> Call