>>> Europe : Brokers Upgrades & Downgrades - 29th of Sept 2017

>>> Up
* BASF Raised to Buy at Baader-Helvea, PT EU100
* Deutz Raised to Buy at Kepler Cheuvreux, PT EU8
* Eutelsat Raised to Outperform at Exane, PT EU29
* Fonciere des Regions Raised to Buy at SocGen, PT EU95
* Fortum Raised to Hold at Berenberg
* Fuchs Petrolub Raised to Hold at Baader-Helvea, PT EU50
* ITV Raised to Overweight at Barclays, PT GBP2
* Petrofac Raised to Outperform at Macquarie, PT GBP5.40
* Vivendi Raised to Outperform at Credit Suisse

>>> Down
* Bonduelle SCA Cut to Add at Portzamparc, PT EU36
* Countryside Cut to Neutral at JPMorgan, PT 335p
* KBC Cut to Equal-weight at Morgan Stanley, PT EU71.50
* Krones Cut to Hold at HSBC, PT EU118
* Nabaltec Cut to Hold at Baader-Helvea, PT EU25
* Solvay Cut to Reduce at Kepler Cheuvreux, PT EU122
* Telit Cut to Sector Perform at RBC, PT 180p
* WPP Cut to Equal-weight at Barclays, PT GBP15.75

>>> Initiation
* Evonik New Overweight at Barclays
* Inmarsat New Underperform at Exane, PT 550p
* Lotto24 New Buy at Berenberg, PT EU12.50
* NN New Buy at ING
* Xaar New Buy at Panmure Gordon & Co, PT 556p

>>> Call
>> Country
* GERMAN STOCKS RAISED TO OVERWEIGHT AT CREDIT SUISSE