>>> Up
* Acea Upgraded to Buy at Kepler Cheuvreux; PT 17 Euros
* Acea Upgraded to Outperform at MainFirst; PT 17 Euros
* Acea Upgraded to Outperform at MedioBanca
* Aena Upgraded to Buy at Santander; PT 189 Euros
* Allergan Upgraded to Overweight at Morgan Stanley; PT $200
* BCP Upgraded to Overweight at JPMorgan; PT 30 Cents
* InterContinental Raised to Equal-weight at Morgan Stanley
* Oriflame Upgraded to Buy at AlphaValue
* Osram Upgraded to Overweight at Barclays; PT 100 Euros
* Spire Healthcare Upgraded to Buy at Berenberg
* Stroeer Upgraded to Buy at Nord/LB; PT 72 Euros
* Telia Upgraded to Outperform at Exane; PT 42 Kronor
* Zoetis Upgraded to Overweight at Morgan Stanley; PT $80
>>> Down
* GN Downgraded to Underweight at Morgan Stanley; PT 200 Kroner
* Inwit Cut to Equal-weight at Barclays; Price Target 6.50 Euros
* Sonova Cut to Underweight at Morgan Stanley; PT 144 Francs
>>> Initiation
* Assura Initiated at Jefferies With Buy; PT 66 Pence
* Close Brothers Initiated at Berenberg With Buy; PT 15.15 Pounds
* Credit Suisse Reinstated at Baader-Helvea With Buy; PT 20 Francs
* Equiniti Initiated at Berenberg With Buy; PT 3.45 Pounds
* Fresnillo Initiated at Jefferies With Buy; PT 16 Pounds
* Kemira Reinstated at UBS With Sell; PT 9.50 Euros
>>> Call