>>> Up
* Masmovil Upgraded to Overweight at Morgan Stanley; PT 29 Euros
* Pernod Ricard Upgraded to Buy at Jefferies; PT 185 Euros
* RDI REIT Upgraded to Buy at Berenberg
* Saras Upgraded to Equal-weight at Barclays; PT 1.90 Euros
>>> Down
* Arkema Downgraded to Neutral at MainFirst; PT 98 Euros
* CaixaBank Cut to Neutral at JB Capital Markets; PT 3 Euros
* Covestro Downgraded to Underperform at MainFirst; PT 41 Euros
* DNB Downgraded to Underperform at Jefferies; PT 130 Kroner
* Ebro Foods Cut to Hold at Ahorro Corporacion; PT 20.60 Euros
* Ence Downgraded to Sell at Ahorro Corporacion; PT 3.30 Euros
* Faes Farma Cut to Hold at Ahorro Corporacion; PT 4.92 Euros
* Fuchs Petrolub Cut to Underperform at MainFirst; PT 31 Euros
* Hastings Downgraded to Underperform at RBC; PT 1.70 Pounds
* Marks & Spencer Downgraded to Hold at Peel Hunt
* Metso Oyj Downgraded to Neutral at JPMorgan; PT 34 Euros
* Telenor Downgraded to Neutral at JPMorgan; PT 190 Kroner
* Verbund Downgraded to Neutral at MainFirst; PT 53.90 Euros
>>> Initiation
* Acciona Rated New Outperform at RBC; PT 115 Euros
* BBA Aviation Rated New Add at Peel Hunt; PT 3.40 Pounds
* Homeserve Reinstated Overweight at Morgan Stanley
* Prosus Rated New Buy at Goldman; PT 90 Euros
* Scorpio Tankers Reinstated at SEB Equities With Buy; PT $46
* Solaria Energia Rated New Outperform at RBC; PT 8.50 Euros
>>> Call