>>> Europe : Brokers Upgrades & DOwngrades - 28th of April 2017

>>> Up
*Beneteau Raised to Buy at SocGen, PT EU15.90
*Boliden Raised to Add at AlphaValue
*CNH Industrial Raised to Outperform at MedioBanca, PT EU11.60
*Drax Raised to Overweight at Barclays, PT 410p
*Fortum Raised to Accumulate at Inderes, PT EU14
*Kesko Raised to Accumulate at Inderes, PT EU46
*Mediobanca Raised to Overweight at Morgan Stanley, PT EU10
*NEXANS Raised to Overweight at Barclays, PT EU66
*SNC-Lavalin Group Raised to Action List Buy at TD, PT C$73

>>> Down
*Bankinter Cut to Sell at Ahorro Corporacion, PT EU7.20
*BBVA Cut to Reduce at Kepler Cheuvreux
*Berendsen Cut to Underweight at Morgan Stanley, PT 645p
*BME Cut to Sell at Ahorro Corporacion, PT EU30
*Covestro Cut to Hold at SocGen
*Eurazeo Cut to Neutral at Goldman, PT EU67
*Fielmann Cut to Hold at Baader-Helvea, PT EU80
*Hermes International Cut to Market Perform at Raymond James
*Marston's Cut to Sell at Goodbody Stockbrokers, PT 125p
*Stagecoach Cut to Reduce at HSBC, PT GBP2
*Straumann Cut to Reduce at Kepler Cheuvreux, PT CHF485

>>> Initiation
*Bovis Homes Resumed Buy at HSBC, PT 1,078p