>>> Up
* Daimler Raised to Outperform at Exane; PT 75 euros (+)
* Dechra Pharma Raised to Buy at HSBC; PT 3,935 pence
* Diageo Raised to Overweight at Morgan Stanley; PT 3,500 pence
* Harvia Raised to Buy at Inderes; PT 22 euros (+)
* K+S Raised to Buy at Commerzbank; PT 10 euros
* Lyko Raised to Hold at ABG; PT 310 kronor
* Mediaset Espana Raised to Buy at Oddo BHF (_)
* Pernod Ricard Raised to Overweight at Morgan Stanley
* TechnipFMC Raised to Buy at Oddo BHF; PT 10 euros (+)
* TP ICAP Raised to Buy at Canaccord; PT 256 pence
* Swiss Life Raised to Buy at HSBC; PT 496 Swiss francs
>>> Down
* Adecco Cut to Equal-Weight at Morgan Stanley
* Aker BP Cut to Neutral at SpareBank; PT 210 kroner
* Baloise Cut to Hold at HSBC; PT 173 Swiss francs
* Banca Ifis Cut to Accumulate at Banca Akros (ESN) (+)
* Brembo Cut to Neutral at Banca Akros (ESN) (+)
* Europcar Cut to Reduce at Oddo BHF (+)
* Marks & Spencer Cut to Neutral at Goldman; PT 145 pence
* Jenoptik Cut to Hold at HSBC; PT 27 euros
* UniCredit Cut to Neutral at Exane; PT 9.80 euros (+)
* Virgin Money UK Cut to Add at Peel Hunt
>>> Initiation
* Elementis Rated New Overweight at Morgan Stanley; PT 138 pence
* Legrand Rated New Overweight at Barclays; PT 81 euros (+)
* SBB Rated New Hold at SEB Equities; PT 30 kronor
* Vetropack Rated New Buy at Berenberg; PT 70 Swiss francs
>>> Call
* Beverages Sector Now Attractive; Diageo, Pernod Raised: MS (+)
* Elementis Recovery Potential Not Appreciated: Morgan Stanley
* European Staffers Set For Recovery, But Upside Limited, MS Says
* European Airports Will Need Years to Return to 2019 Profit: RBC (+)
* K+S Upgraded to Buy on Improving Farm Economics: Commerzbank
* Medios Strengthens Position With Cranach Acquisition: Warburg (+)
* RBC Adds AB InBev, Essilor and Shell to European Recovery Picks
* Vetropack Should See 2021 Recovery, Berenberg Starts at Buy
* Virgin Money Downgraded at Citi and Peel Hunt on Valuation (+)