>>> Up
* Bilia Upgraded to Buy at SEB Equities; PT 80 Kronor
* DFS Furniture Upgraded to Buy at Jefferies
* Fortum Upgraded to Accumulate at OP Corporate Bank; PT 20 Euros
* Konecranes Upgraded to Buy at OP Corporate Bank; PT 41 Euros
* LEG Immobilien Upgraded to Overweight at Morgan Stanley
* Norden Upgraded to Buy at Danske Bank; Price Target 130 Kroner
* Raisio Upgraded to Neutral at OP Corporate Bank; PT 3.50 Euros
* SSAB Upgraded to Overweight at JPMorgan; PT 56.50 Kronor
* Sainsbury Upgraded to Hold at HSBC; PT 2.70 Pounds
* Sprint Upgraded to Buy at New Street Research
* Tenaris ADRs Upgraded to Overweight at Capital One; PT $43
>>> Down
* Ahold Delhaize Downgraded to Hold at Jefferies
* Outokumpu Downgraded to Neutral at JPMorgan; PT 6 Euros
* Patrizia Immobilien Cut to Neutral at Equinet; PT 18 Euros
* Viscofan Downgraded to Hold at Berenberg
>>> Initiation
* Continental Reinstated Neutral at Credit Suisse; PT 222 Euros
* ElringKlinger Reinstated Underperform at Credit Suisse
* Faurecia Reinstated Outperform at Credit Suisse; PT 82 Euros
* Hella Reinstated at Credit Suisse With Underperform; PT 48 Euros
* Leoni Reinstated at Credit Suisse With Neutral; PT 53 Euros
* Michelin Reinstated at Credit Suisse With Neutral; PT 116 Euros
* Nokian Renkaat Reinstated Underperform at Credit Suisse
* Pirelli Reinstated at Credit Suisse With Neutral; PT 7 Euros
* Schaeffler Reinstated Outperform at Credit Suisse; PT 19 Euros
* Stabilus Rated New Neutral at Credit Suisse; PT 81 Euros
* Valeo Reinstated at Credit Suisse With Neutral; PT 56 Euros
>>> Call