>>> Up
* BBVA Raised to Buy at Independent Research, PT EU9.20
* Deutsche Post Raised to Buy at Commerzbank, PT EU41
* EON Raised to Neutral at Citi
* H&M Raised to Neutral at Goldman, PT SEK215
* Italgas Raised to Buy at SocGen, PT EU5.12
* Morrison Raised to Hold at HSBC, PT GBP2.40
* OMV Raised to Equal-weight at Morgan Stanley, PT EU49
>>> Down
* Auto Trader Cut to Underweight at JPMorgan, PT 353p
* Hikma Cut to Equal-weight at Morgan Stanley, PT 1,600p
* Man Group Cut to Neutral at Citi
* Scout24 Cut to Neutral at JPMorgan, PT EU34
* SES Cut to Underweight at JPMorgan, PT EU18
>>> Initiation
* Aegean Marine New Hold at Odeon Capital
* Babcock New Outperform at RBC, PT 1,100p
>>> Call