>>> Up
* AB Foods Raised to Buy at Berenberg; PT 2,180 pence
* Acea Raised to Buy at Equita; PT 17.50 euros
* Ahold Delhaize Raised to Outperform at Bernstein
* Ahold Delhaize Raised to Hold at Berenberg; PT 19.60 euros
* Avidly Raised to Reduce at Inderes; PT 1.90 euros (+)
* Axfood Raised to Hold at ABG; PT 185 kronor (+)
* Balfour Beatty Raised to Buy at Jefferies; PT 260 pence
* Boliden Raised to Buy at Danske Bank Markets; PT 200 kronor (+)
* Bravida Raised to Buy at Handelsbanken; PT 80 kronor
* Caverion Oyj Raised to Buy at SEB Equities; PT 6.40 euros
* Credito Emiliano Raised to Buy at Equita; PT 5.40 euros
* CRH Raised to Overweight at Morgan Stanley; PT 27 euros
* Deutsche Telekom Raised to Hold at Berenberg
* Diploma Raised to Overweight at JPMorgan; PT 1,760 pence
* DSM Raised to Add at Baader Helvea; PT 107 euros
* Elisa Oyj Raised to Buy at Berenberg
* Ericsson Raised to Buy at Handelsbanken; PT 90 kronor
* Ericsson ADRs Raised to Outperform at Raymond James; PT $9 (+)
* Eutelsat Raised to Buy at HSBC; PT 12.50 euros
* Fraport Raised to Hold at Berenberg; PT 47 euros
* GrandVision Raised to Buy at Berenberg; PT 28.42 euros
* H&M Raised to Hold at Berenberg; PT 120 kronor
* Hera Raised to Buy at Equita; PT 3.80 euros
* ICA Gruppen Raised to Hold at ABG; PT 390 kronor (+)
* Inditex Raised to Hold at Berenberg; PT 22 euros
* Ingenico Group Raised to Buy at HSBC; PT 132 euros
* Intesa Sanpaolo Raised to Buy at Equita; PT 2.40 euros
* Kone Oyj Raised to Hold at Berenberg; PT 45 euros
* Maersk Raised to Neutral at JPMorgan; PT 5,778 kroner
* Merck KGaA Raised to Buy at Equita; PT 130 euros
* Norma Raised to Buy at Pareto Securities; PT 24 euros
* Poste Italiane Raised to Buy at Equita; PT 10.70 euros
* Recordati Raised to Buy at Equita; PT 41.50 euros
* Reply Raised to Buy at Equita; PT 64 euros
* Restaurant Group Raised to Buy at Peel Hunt (+)
* SAP Raised to Buy at Oddo BHF; PT 115 euros (+)
* Software AG Raised to Buy at DZ Bank; PT 29 euros (+)
* Sopra Steria Raised to Buy at Oddo BHF; PT 118 euros (+)
* Takkt Raised to Buy at Hauck & Aufhaeuser; PT 11 euros (+)
* Terna Raised to Buy at Equita; PT 6.30 euros
* Traton Raised to Buy at Commerzbank; PT 17.50 euros (+)
* Travis Perkins Raised to Buy at Berenberg; PT 1,100 pence
* United Internet Raised to Buy at Bankhaus Metzler; PT 30 euros (+)
* Valmet Oyj Raised to Buy at SEB Equities; PT 20 euros
* Wallenius Wilhelmsen Raised to Buy at Pareto Securities
* Wizz Air Raised to Buy at Berenberg; PT 3,200 pence
* Yara Raised to Buy at Equita; PT 450 kroner
* Zurich Airport Raised to Overweight at Barclays
* Zurich Airport Raised to Buy at Berenberg; PT 148 Swiss francs
>>> Down
* Aeroports de Paris Cut to Underweight at Barclays; PT 85 euros
* Air France-KLM Cut to Hold at Berenberg; PT 7 euros
* Amadeus Cut to Reduce at Oddo BHF; PT 40 euros (+)
* Assystem Cut to Neutral at Oddo BHF; PT 22 euros (+)
* Banco Santander Cut to Hold at DZ Bank; PT 2.80 euros (+)
* BASF Cut to Add at AlphaValue
* BBVA Cut to Sell at DZ Bank; PT 2.80 euros (+)
* Bureau Veritas Cut to Hold at Deutsche Bank; PT 19 euros
* Citycon Oyj Cut to Sell at SEB Equities; PT 4.90 euros
* Dustin Cut to Hold at Handelsbanken; PT 50 kronor
* Fila Cut to Hold at Equita; PT 10.30 euros
* Hamburger Hafen Cut to Reduce at AlphaValue
* Henkel Cut to Reduce at AlphaValue
* Il Sole 24 Ore Cut to Accumulate at Banca Akros (ESN) (+)
* Intertek Cut to Hold at Deutsche Bank; PT 4,900 pence
* ITV Cut to Neutral at Exane; PT 108 pence
* Kier Cut to Underperform at Jefferies; PT 70 pence
* Kuehne + Nagel Cut to Neutral at JPMorgan
* Lufthansa Cut to Hold at Berenberg; PT 12 euros
* M6 Cut to Neutral at Exane; PT 12 euros
* Nexi Cut to Hold at HSBC; PT 13 euros
* Openjobmetis Cut to Hold at Equita; PT 7.10 euros
* Repsol Cut to Hold at Equita; PT 11.50 euros
* SGS Cut to Hold at Deutsche Bank; PT 2,250 Swiss francs
* Shelf Drilling Cut to Sector Perform at RBC; PT 9 kroner (+)
* Solvay Cut to Hold at Equita; PT 70 euros
* Tele2 Cut to Hold at Berenberg
* Telia Cut to Sell at Berenberg
* TF1 Cut to Neutral at Exane; PT 6.50 euros
* Umicore Cut to Hold at Equita; PT 42 euros
* UniCredit Cut to Hold at Equita; PT 14.30 euros
* Vodafone Cut to Hold at Berenberg
* Vonovia Cut to Reduce at AlphaValue
* Wavestone Cut to Neutral at Oddo BHF; PT 20 euros (+)
* Weir Cut to Neutral at Citi (+)
>>> Initiation
* S4 Capital Rated New Buy at Jefferies; PT 200 pence
* Vetoquinol Reinstated Strong Buy at Portzamparc; PT 60 euros
>>> Call
* U.K. Construction Earnings Seen Plunging by Jefferies, Berenberg (+)
* Berenberg Says 2Q a ‘Write-Off’ for U.K. Midcap Leisure Stocks (+)
* Berenberg Sees Long-Term EU Midcap Opportunities After Sell-Off (+)
* Ericsson Raised; Virus Hasn´t Stopped 5G Rollout, SHB Says
* EssilorLuxottica Pulling Guidance of Little Surprise: Jefferies (+)
* Inditex Upgraded at Berenberg on Strong Balance Sheet, Margins (+)
* Zurich Airport Double Upgraded at Berenberg on Resilient Traffic (+)