>>> Europe : Brokers Upgrades & Downgrades - 30th of March 2017

>>> Up
*Aareal Bank Raised to Buy at HSBC, PT EU41
*Admiral Raised to Sector Perform at RBC, PT 1925p
*Atrium European Real Estate Raised to Hold at Baader-Helvea
*Deutsche Post Raised to Outperform at Exane, PT EU36
*LondonMetric Property Raised to Buy at HSBC, PT GBP1.66
*Neopost Raised to Outperform at MainFirst, PT EU40
*Talanx Raised to Outperform at Credit Suisse, PT EU35
*Vedanta Raised to Neutral at Credit Suisse, PT 800p
*WPP Raised to Overweight at Morgan Stanley, PT 1975p

>>> Down
*Akzo Nobel Cut to Sell at Baader-Helvea, PT EU76.50
*Boliden Cut to Neutral at Credit Suisse, PT SEK295
*Clarkson Cut to Underperform at Exane, PT GBP22
*Lenzing Cut to Hold at Baader-Helvea, PT EU163
*Metropole Television Cut to Neutral at Natixis
*Osram Cut to Neutral at Citi, PT EU60
*SIF Cut to Hold at HSBC, PT EU22
*Sika Cut to Hold at Baader-Helvea, PT CHF6150
*Sunrise Cut to Hold at Berenberg
*TF1 Cut to Neutral at Natixis
*Zooplus Cut to Hold at Berenberg

>>> Initiation
*Ashtead Rated New Buy at Liberum, PT 1940p
*Deutsche Boerse Reinstated Overweight at Barclays, PT EU95
*Deutsche Pfandbriefbank Rated New Buy at HSBC, PT EU13
*Dixons Carphone Rated New Overweight at Barclays, PT 370p
*Kingfisher Rated New Underweight at Barclays, PT 300p
*LSE Resumed Outperform at RBC, PT 3500p
*LSE Reinstated Overweight at Barclays, PT 3600p
*Next Rated New Underweight at Barclays, PT 3900p
*Redrow Reinstated Overweight at Barclays, PT 558p
*RTX Rated New Buy at ABG Sundal, PT DKK230

>>> Call