>>> Up
* Arjo Raised to Buy at ABG; PT 52 kronor
* BAE Raised to Overweight at Barclays; PT 760 pence
* Bayer Raised to Buy at MainFirst; PT 93 euros
* Betsson Raised to Hold at ABG; PT 38 kronor
* Edenred Raised to Buy at Oddo BHF; PT 60 euros
* Givaudan PT Raised to 3,600 Swiss francs at Berenberg
* ID Logistics Raised to Buy at Portzamparc; PT 190 euros (+)
* Outokumpu Oyj Raised to Neutral at BofA (+)
* Rapala VMC Oyj Raised to Accumulate at Inderes; PT 3.10 euros (+)
* Standard Chartered Raised to Hold at Investec; PT 660 pence
* Telefonica Deutschland Raised to Overweight at JPMorgan
>>> Down
* Adidas Cut to Hold at Hauck & Aufhaeuser; PT 320 euros (+)
* Aker BP Cut to Hold at Jefferies; PT 300 kroner
* Atresmedia cut to Neutral from Buy, PT€3.40 (+)
* BRAbank ASA Cut to Hold at ABG; PT 0.70 kroner
* Cegedim Cut to Add at Gilbert Dupont; PT 32.50 euros (+)
* Daimler Cut to Sell at AlphaValue
* Diageo Cut to Underweight at JPMorgan; PT 2,800 pence
* Ipsen Cut to Neutral from Buy at UBS ,PT €69 (+)
* Kainos Cut to Sell at Panmure Gordon; PT 750 pence (+)
* K+S PT Cut to 10 euros from 14 euros at Deutsche Bank
* Puma Cut to Hold at Hauck & Aufhaeuser; PT 79 euros (+)
* Varta Cut to Sell at Hauck & Aufhaeuser; PT 54 euros
* Victrex Cut to Reduce at HSBC; PT 1,975 pence
>>> Initiation
* Anima Holding Rated New Buy at HSBC; PT 5.80 euros
* Avast Rated New Sell at Peel Hunt; PT 405 pence
* Azimut Reinstated Buy at HSBC; PT 30.30 euros
* Banca Generali Reinstated Buy at HSBC; PT 36.30 euros
* Deutsche Boerse Reinstated Equal-Weight at Barclays
* Euronext Reinstated Overweight at Barclays; PT 86 euros
* Hipgnosis Songs Fund/The Rated New Hold at Jefferies
* Mediolanum Rated New Buy at HSBC; PT 10.10 euros
* Nexi Rated New Buy at Oddo BHF; PT 16 euros
* NVP Srl Rated New Buy at Fidentiis Equities; PT 5.25 euros
>>> Call
* Bayer Upgraded to Buy on Possible Settlement: MainFirst (+)
* Givaudan PT Raised at Berenberg on 2020 Organic Growth, Margins
* Wacker Neuson Offers Value, Self-Help Opportunities: Jefferies
* Morgan Stanley Sees Cheap Emerging Market Hedges Amid Virus Risk
* SAP Results ‘Mixed,’ New Cloud-Bookings Growth Slows: MainFirst (+)