>>> Up
* Assa Abloy Upgraded to Buy at Berenberg
* Fidessa Raised to Neutral at Credit Suisse; PT 39.50 Pounds
* Kuka Upgraded to Hold at HSBC; PT 86 Euros
* Philips Lighting Upgraded to Equal-weight at Morgan Stanley
>>> Down
* Holmen Downgraded to Add at AlphaValue
* Nostrum Oil & Gas Cut to Sector Perform at RBC; PT 3.95 Pounds
* Snap Downgraded to Market Perform at Oppenheimer
>>> Initiation
* DWS Rated New Equal-weight at Morgan Stanley; PT 33 Euros
* DWS Rated New Neutral at Citi; PT 31 Euros
* NIBC Rated New Buy at ABN Amro Bank; PT 9 Euros
* NIBC Rated New Overweight at Morgan Stanley; PT 10.80 Euros
* Sensirion Holding Rated New Neutral at JPMorgan; PT 48 Francs
* Spie Rated New Underperform at Jefferies
>>> Call