>>> Europe : Brokers Upgrades & DOwngrades - 30th of August 2016

>>> Up
*AB FOODS RAISED TO OUTPERFORM AT RBC CAPITAL
*KBC RAISED TO ADD VS REDUCE AT ALPHAVALUE
*LAFARGEHOLCIM RAISED TO BUY AT HSBC
*STADA RAISED TO NEUTRAL AT MAIN FIRST BANK
*WIRECARD RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS

>>> Down
*BANKIA CUT TO HOLD VS BUY AT MIRABAUD
*DEBENHAMS CUT TO SECTOR PERFORM AT RBC CAPITAL
*ELIA CUT TO HOLD FROM BUY AT ING; PT RAISED TO EU48.70
*LINDAB INTERNATIONAL AB CUT TO HOLD AT NORDEA
*SABADELL CUT TO HOLD VS BUY AT MIRABAUD
*SPORTS DIRECT CUT TO UNDERPERFORM AT RBC CAPITAL

>>> PT Change


>>> Initiation


>>> Call
>> Stock
*ABN AMRO, WIRECARD ENTER EUROPEAN PORTFOLIO AT BARCLAYS
*VOLKSWAGEN, ZURICH INSURANCE ENTER EUROPE PORTFOLIO AT BARCLAYS
>> Sector
*METALS & MINING CUT TO BEARISH ON 6-MONTH VIEW AT CITI