>>> Up
* Axel Springer Upgraded to Buy at HSBC; PT 67 Euros
* BAE Upgraded to Outperform at Credit Suisse; PT 6.40 Pounds
* Better Collective Upgraded to Buy at SEB Equities; PT 77 Kronor
* Banco Santander Upgraded to Buy at Bankhaus Lampe
* Dialog Semi Raised to Outperform at Credit Suisse
* DS Smith Upgraded to Buy at Vertical Research; PT 4.80 Pounds
* Edenred Upgraded to Neutral at JPMorgan; PT 30 Euros
* Hexagon Upgraded to Buy at DNB Markets; PT 540 Kronor
* ING Upgraded to Equal-weight at Morgan Stanley; PT 13.20 Euros
* Ingenico Group Upgraded to Neutral at BofAML
* Kering Upgraded to Outperform at RBC; Price Target 520 Euros
* Moneysupermarket Upgraded to Buy at Liberum; PT 5 Pounds
* Pihlajalinna Upgraded to Buy at SEB Equities; PT 12.40 Euros
* Santander Upgraded to Buy With Risks More Than Reflected: Lampe
* Smurfit Kappa Upgraded to Buy at Vertical Research; PT 35 Euros
* Sobi Upgraded to Buy at Pareto Securities; PT 226 Kronor
* Veolia Upgraded to Buy at Goldman; PT 22 Euros
>>> Down
* Bilia Cut to Hold at Kepler Cheuvreux; Price Target 85 Kronor
* Ceva Logistics Cut to Hold at HSBC; Price Target 30.70 Francs
* Credit Suisse Downgraded to Hold at SocGen; PT 13.50 Francs
* Deutsche Post Downgraded to Hold at HSBC; PT 29 Euros
* Fiat Chrysler Downgraded to Add at Banca IMI
* ForFarmers Cut to Accumulate at NIBC Bank N.V.; PT 10.50 Euros
* Kuehne + Nagel Downgraded to Hold at HSBC; PT 146 Francs
* Panalpina Downgraded to Reduce at HSBC; PT 108 Francs
* Wirecard Downgraded to Underperform at BofAML
>>> Initiation
* Immofinanz Resumed at Deutsche Bank With Hold; PT 18 Euros
* Inventiva Rated New Buy at Kepler Cheuvreux; PT 11 Euros
* Leonteq Reinstated at Credit Suisse With Neutral; PT 49 Francs
* M1 Kliniken Rated New Buy at Kepler Cheuvreux; PT 15 Euros
* Safran Reinstated at Goldman With Buy
* Stora Enso Reinstated at Evli Bank With Buy; PT 17 Euros
*
>>> Call