>>> Up
* Axel Springer Upgraded to Overweight at Barclays; PT 70 Euros
* Barry Callebaut Raised to Buy at Kepler Cheuvreux
* Faurecia Upgraded to Buy at Kepler Cheuvreux; PT 65 Euros
* Kinepolis Upgraded to Buy at Berenberg
* RWE Upgraded to Buy at Jefferies; PT 29 Euros
* TI Fluid Upgraded to Overweight at JPMorgan; PT 3.70 Pounds
>>> Down
* Continental Downgraded to Neutral at JPMorgan; PT 184 Euros
* Petrofac Downgraded to Hold at Kepler Cheuvreux; PT 6.60 Pounds
* u-blox Downgraded to Reduce at Kepler Cheuvreux; PT 147 Francs
>>>> Initiation
* Coats Rated New Buy at Citi; PT 1.09 Pounds
* EON Downgraded to Hold at Jefferies; PT 10.20 Euros
* Lehto Group Rated New Buy at SEB Equities; PT 12.60 Euros