>>> Up
*Adidas Raised to Buy at Baader-Helvea, PT EU210
*Bucher Raised to Buy at UBS, PT CHF325
*Constellium Raised to Buy at SocGen
*Continental Raised to Buy at Citi, PT EU226
*Costain Raised to Buy at Jefferies, PT 500p
*Credit Agricole Raised to Overweight at Barclays, PT EU15
*DSM Raised to Buy at Liberum, PT EU72
*EDP Raised to Buy at Banco Sabadell, PT EU3.40
*Gemalto Raised to Neutral at Goldman, PT EU53
*Golden Ocean Raised to Overweight at Morgan Stanley
*Hiag Immobilien Holding Raised to Outperform at Credit Suisse
*Lonmin Raised to Hold at Peel Hunt
*Meggitt Raised to Buy at Investec, PT 500p
*Munich Re Raised to Buy at SocGen, PT EU205
*Pfeiffer Vacuum Raised to Buy at HSBC, PT EU129
*Tarkett Raised to Add at AlphaValue
>>> Down
*Balfour Beatty Cut to Hold at Jefferies, PT 280p
*Carillion Cut to Hold at Jefferies, PT 230p
*GERDAU Cut to Sell at UBS
*Hermes International Cut to Hold at HSBC, PT EU460
*Interroll Cut to Hold at Bank Vontobel
*Jimmy Choo Cut to Hold at HSBC, PT GBP1.70
*Kimco Cut to Hold at Edward Jones
*Leoni Cut to Hold at HSBC, PT EU46
*Recordati Cut to Sell at Goldman
*SocGen Cut to Equal-Weight at Barclays
>>> Initiation
*SCA Rated New Buy at Pareto Securities, PT SEK330
>>> Call
>> Sector
*Overweight European Banks as Earnings Will Rise, Citigroup Says