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

>>> Up
* EDF Raised to Overweight at Morgan Stanley; PT 13 euros
* Engie Raised to Overweight at Morgan Stanley; PT 18 euros
* E.ON Raised to Neutral at Goldman; PT 9.70 euros
* E.ON Raised to Equal-Weight at Morgan Stanley; PT 9.50 euros
* Glencore Raised to Outperform at RBC; PT 290 pence
* ICADE Raised to Buy at HSBC; PT 103 euros
* NLMK Group GDRs Raised to Buy at Wood & Company; PT $23.90
* Rio Tinto Raised to Sector Perform at RBC; PT 3,900 pence
* RWE Raised to Overweight at Morgan Stanley; PT 32 euros
* Telefonica Raised to Overweight at Barclays; PT 8.80 euros
* Unilever Raised to Buy at Liberum

>>> Down
* ABN AMRO GDRs Cut to Equal-Weight at Morgan Stanley
* Boohoo Cut to Underweight at Morgan Stanley; PT 180 pence
* Brenntag Cut to Hold at Deutsche Bank; PT 50 euros
* Derwent London Cut to Underweight at JPMorgan; PT 3,500 pence
* Enagas Cut to Underweight at Morgan Stanley; PT 19.60 euros
* Evraz Cut to Hold at Wood & Company; PT 388 pence
* Gem Diamonds Cut to Hold at Liberum
* Iberdrola Cut to Equal-Weight at Morgan Stanley; PT 9.60 euros
* ID Logistics Cut to Hold at Portzamparc; PT 190 euros
* Ibstock Cut to Hold at Jefferies; PT 268 pence
* Jumbo Cut to Hold at Wood & Company; PT 21.50 euros
* Kion Cut to Hold at Baader Helvea
* Land Sec. Cut to Neutral at JPMorgan; PT 1,000 pence
* Sabadell Cut to Equal-Weight at Morgan Stanley; PT 1.10 euros
* Sampo Cut to Add at AlphaValue
* TUI Cut to Market Perform at Bernstein

>>> Initiation
* Adidas Rated New Hold at Jefferies; PT 292 euros
* Atlantia Resumed Neutral at Citi; PT 22 euros (Earlier)
* Eramet Rated New Strong Buy at Portzamparc; PT 73 euros
* Johnson Service Rated New Add at Peel Hunt; PT 196 pence
* Puma Rated New Buy at Jefferies; PT 83 euros
* Stock Spirits Rated New Buy at Shore Capital; PT 280 pence
* Tenaris ADRs Resumed Buy at Citi; PT $26.50

>>> Call
* Time to Buy Ambea as Profit Boost Looms, Dagens Industri Says
* Boohoo Cut, Gets Street-Low PT on Growth Concern: Morgan Stanley
* RBC Upgrades Glencore After De-Rating, Rio Tinto on Iron Ore