>>> Up
* Biffa Upgraded to Buy at Peel Hunt
* Elementis Upgraded to Overweight at JPMorgan; PT 2.90 Pounds
* Ferrari Upgraded to Equal-weight at Morgan Stanley; PT $120
* GBL Upgraded to Buy at SocGen; Price Target 102 Euros
* Legrand Upgraded to Buy at Kepler Cheuvreux; PT 70 Euros
* Norma Upgraded to Buy at HSBC; PT 63 Euros
* Sabadell Upgraded to Sector Perform at RBC; PT 1.45 Euros
* Scor Upgraded to Buy at HSBC; PT 40 Euros
* Standard Chartered Raised to Hold at Independent Research
* Wihlborgs Upgraded to Buy at Kempen & Co; PT 115 Kronor
>>> Down
* Campari Downgraded to Market Perform at Raymond James
* Castellum Downgraded to Neutral at Kempen & Co; PT 160 Kronor
* Shell Cut to Equal-weight at Morgan Stanley; PT 28.60 Pounds
* Subsea 7 Downgraded to Underperform at Macquarie; PT 101 Kroner
* WDP Downgraded to Neutral at Kempen & Co; PT 115 Euros
>>> Initiation
* Akka Technologies Rated New Buy at Berenberg; PT 77 Euros
* Asos Rated New Outperform at Wells Fargo; PT 96 Pounds
* boohoo Rated New Market Perform at Wells Fargo; PT 2 Pounds
* Gamma Communications Rated New Buy at Citi; PT 9.30 Pounds
* Zalando Rated New Outperform at Wells Fargo; PT 62 Euros
>>> Call
* Shell Overweight Rating No Longer Supported, Morgan Stanley Says