>>> Up
* BASF Upgraded to Buy at HSBC; PT 92 Euros
* Bauer Upgraded to Hold at Independent Research; PT 21 Euros
* Cineworld Upgraded to Buy at Citi
* Electrocomponents Upgraded to Add at Peel Hunt
* SIG Raised to Equal-weight at Barclays; Price Target 1.55 Pounds
>>> Down
* Allianz Downgraded to Neutral at JPMorgan; PT 217 Euros
* Lindt & Spruengli Downgraded to Hold at Berenberg
* Provident Downgraded to Sell at Berenberg
* REN Downgraded to Neutral at Goldman
* Scor Downgraded to Sell at Goldman
* Takkt Downgraded to Hold at Commerzbank
* Ted Baker Downgraded to Hold at Jefferies; PT 27 Pounds
>>> Initiation
* Boeing Rated New Overweight at Barclays; PT $388
* Colonial Rated New Buy at Natixis; PT 10.10 Euros
* Heidelberger Druck Rated New Buy at Berenberg; PT 4 Euros
* Koenig & Bauer Rated New Buy at Berenberg; PT 89 Euros
* Merlin Rated New Buy at Natixis; PT 14 Euros
* OCI Rated New Buy at Berenberg; PT 25 Euros
>>> Call