>>> Up
* Bechtle Raised to Buy at Deutsche Bank; PT 52 euros
* HSBC Raised to Neutral at Exane; PT 600 pence
* Imerys Raised to Buy at AlphaValue/Baader
>>> Down
* Billerud Cut to Hold at Handelsbanken
* Fresenius Medical Cut to Sell at Deutsche Bank; PT 24 euros
* Gestamp Cut to Equal-Weight at Barclays; PT 4 euros
* Neoen PT Cut to 31.90 euros from 37 euros at Citi
* SSAB Cut to Hold at Handelsbanken
* Viaplay Cut to Hold at SEB Equities; PT 248 kronor
>>> Initiation
* Fresenius SE Reinstated Equal-Weight at Morgan Stanley
>>> Call
* Adidas Fighting ‘Too Many Fires;’ RBC Cuts to Sector Perform
* BioMerieux 3Q a Beat, Shares May Get Modest Boost: Jefferies
* Covestro Double-Upgraded at Citi With More Bad News Unlikely
* Goldman Sachs Says US Equity Bottom Conditions Are Not There Yet
* Michelin 3Q Sales Beat; Guidance May Weigh on the Shares: RBC
* SBB Downgraded as Citi Sees Tougher Property Market Correction