>>> Up
*Alfa Laval Raised to Reduce at AlphaValue
*Atlas Copco Raised to Hold at Liberum, PT SEK345
*Bauer Raised to Buy at Bankhaus Lampe, PT EU22
*Deutz Raised to Buy at DZ Bank, PT EU7.50
*Fresenius SE Raised to Add at AlphaValue
*Henkel Raised to Outperform at RBC, PT EU132
*UMC Raised to Buy at HSBC
*Swatch Raised to Outperform at Macquarie, PT CHF455
*Volvo Raised to Equal-weight at Barclays, PT SEK133
*Volvo Raised to Reduce at AlphaValue
>>> Down
*Air Liquide Cut to Hold at HSBC, PT EU114
*Assa Abloy Cut to Hold at SEB Equities, PT SEK195
*BIC Cut to Neutral at Natixis
*Dassault Systemes Cut to Hold at HSBC, PT EU85
*Engie Cut to Equal-weight at Morgan Stanley, PT EU14
*Leonardo Cut to Neutral at Goldman, PT EU16.20
>>> Initiation
*Aixtron Reinstated Buy at Deutsche Bank, PT EU8
*Aviva New Outperform at Credit Suisse
*Just Retirement Holdings New Neutral at Credit Suisse
*Legal & General New Underperform at Credit Suisse
*Marine Harvest New Outperform at Exane, PT NOK165
*Prudential New Outperform at Credit Suisse (Full note attached)
*St James's Place New Outperform at Credit Suisse