>>> Up
* PUMA upgraded from Sell to Buy at UBS, PT €20.9
* Schaeffler Raised to Buy at Citi; PT 6.75 euros
* Softcat Raised to Overweight at Cantor; PT 1,900 pence
* Springvest Raised to Accumulate at Inderes; PT 8 euros
>>> Down
* Springvest Raised to Accumulate at Inderes; PT 8 euros
>>> Down
* Air New Zealand Downgraded to Sell from Neutral by UBS
* Ayvens Cut to Neutral at Citi; PT 9.50 euros
* ITM Power Cut to Hold at Peel Hunt; PT 70 pence
* ITM Power Cut to Hold at Peel Hunt; PT 70 pence
* Maersk Cut to Sell at Pekao Investment Banking; PT 10,889 kroner
* Schneider Electric Cut to Neutral at JPMorgan; PT 220 euros
* Telecom Italia Cut to Neutral at Oddo BHF; PT 41 euro cents
>>> Initiation
>>> Initiation
* Pennon ADRs Rated New Outperform at BNPP Exane; PT $15.50
* SCA Rated New Buy at Berenberg; PT 150 kronor
* Severn Trent ADRs Rated New Neutral at BNPP Exane; PT $34.40
* Stora Enso Rated New Hold at Berenberg; PT 10.40 euros
* Swatch ADRs Rated New Underperform at BNPP Exane; PT $6.83
* United Utilities ADRs Rated New Outperform at BNPP Exane
* UPM-Kymmene Rated New Sell at Berenberg; PT 21 euros
* UPM-Kymmene Rated New Sell at Berenberg; PT 21 euros
* Veolia ADRs Rated New Outperform at BNPP Exane; PT $22.50
>>> Call
>>> Call
* Ayvens Cut at Citi With Risks More Balanced Following Rally
* Morgan Stanley Flags Early Signs of China Stocks Overheating
* Schaeffler Upgraded at Citi Ahead of CMD on Outlook for Margins
* SCA Buy, UPM Sell at Berenberg in Forestry and Paper Initiations
* Yuan to Get a Boost From PBOC Fix, Exporter Conversion: Deutsche
* Yuan to Get a Boost From PBOC Fix, Exporter Conversion: Deutsche