>>> Up
*Intesa Raised to Overweight at JPMorgan, PT EU3.20
*Meggitt Raised to Buy at AlphaValue
*ProSieben Raised to Hold at DZ Bank, PT EU36
*Uniper Raised to Hold at HSBC
>>> Down
*Bureau Veritas Cut to Hold at Kepler Cheuvreux, PT EU21.60
*Gamesa Cut to Hold at HSBC
*Nordex Cut to Reduce at HSBC
*Proximus Cut to Market Perform at Raymond James
*Systemair Cut to Neutral at Swedbank, PT SEK158
*Vestas Cut to Reduce at HSBC
>>> Initiation
*Ferrexpo New Buy at HSBC, PT 210p
>>> Call
>> Country
*U.K. STOCKS RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
>> Sector
*AUTO SECTOR CUT TO NEUTRAL VS OVERWEIGHT AT JPMORGAN
*UTILITIES RAISED TO NEUTRAL VS UNDERWEIGHT AT JPMORGAN
*Banks – downgrade from benchmark to underweight at Deutsche Bank
*Energy – upgrade from underweight to overweight at Deutsche Bank
*Construction materials – upgrade from underweight to overweight at Deutsche Bank