>>> Europe : Brokers Upgrades & Downgrades - 2nd of December 201

>>> Up
*Deutsche Wohnen Raised to Buy at Bankhaus Lampe
*Fuchs Petrolub Raised to Hold at Berenberg, PT EU37.20
*Hapag-Lloyd Raised to Hold at HSBC, PT EU16.50
*Kerry Group Raised to Buy at Goldman, PT EU80
*Klepierre Raised to Overweight at Barclays, PT EU41
*Kontron Raised to Hold at Montega, PT EU2.50
*Ringkjoebing Landbobank Raised to Buy at Nordea Securities
*Sanoma Raised to Buy at Nordea Securities, PT EU9.30
*Strabag Raised to Buy at HSBC, PT EU37
*Stroeer SE & Co Raised to Buy at Nord/LB, PT EU40
*Unibail-Rodamco Raised to Equal-Weight at Barclays, PT EU230

>>> Down
*Barry Callebaut Cut to Sell at Goldman, PT CHF1100
*Britvic Cut to Neutral at Goldman, PT 600p
*Chubb Cut to Underperform at William Blair
*EasyJet Cut to Underperform at RBC, PT 900p
*Glencore Cut to Hold at SocGen, PT 275p
*Porr Cut to Hold at HSBC, PT EU35.50
*Travelers Cut to Underperform at William Blair

>>> PT Change


>>> Initiation
*Deutsche Rohstoff Rated New Buy at Kepler Cheuvreux, PT EU29.30
*McBride Rated New Buy at Berenberg, PT 220p
*Shire Rated New Buy at SocGen, PT 6500p

>>> Call
>> Country
*UK EQUITIES CUT TO UNDERWEIGHT VS BENCHMARK AT CREDIT SUISSE
*CREDIT SUISSE RAISES S&P 500 MID-2017 TARGET TO 2350 VS 2200