>>> Up
* BASF Raised to Buy at HSBC; PT 65 euros
* Cloetta Raised to Buy at Nordea; PT 29 kronor (+)
* Frontier Developments Raised to Buy at Jefferies; PT 1,667 pence
* Kone Raised to Hold at Nordea (+)
* Maersk Drilling Raised to Buy at Arctic Securities (+)
* Moonpig Raised to Add at Peel Hunt; PT 300 pence
* Northern Ocean Raised to Buy at Arctic Securities; PT 15 kroner (+)
* Swissquote Raised to Buy at AlphaValue/Baader (+)
* Temple Bar Investment Trust PLC Raised to Buy at Investec
* VIB Vermoegen Raised to Buy at SRC Research; PT 51 euros
>>> Down
* Adecco Cut to Underweight at JPMorgan; PT 42 Swiss francs (+)
* Bouygues Cut to Equal-Weight at Morgan Stanley; PT 38 euros (+)
* EN+ Group Cut to Add at AlphaValue/Baader (+)
* Heineken Cut to Underweight at Barclays; PT 81 euros
* Husqvarna Cut to Hold at Nordea (+)
>>> Initiation
* Hertz Rated New Buy at Tigress; PT $32
* MorphoSys Reinstated Buy at Berenberg; PT 65 euros
* Nynomic Rated New Buy at Hauck & Aufhaeuser; PT 51 euros (+)
* Var Energi Rated New Overweight at JPMorgan; PT 42 kroner (+)
>>> Call
* Adecco Downgraded to Underweight at JPMorgan on Underperformance (+)
* BASF Upgraded to Buy With Trends Strong, Demand Resilient: HSBC (+)
* Dassault Aviation to Grow Further, Street High PT: Berenberg (+)
* Flat Yield Curve Not a Sell Signal for Stocks: JPM Strategists (+)
* Households, Firms to Drive U.S. Equity Demand: GS Strategists (+)
* Morgan Stanley Cuts U.S. Financials to Neutral on Growth Risks (+)
* Solid Cash Flow, Low Leverage Boost European Cash Returns, M&A