>>> Up
* Banca Farmafactoring Upgraded to Accumulate at Banca Akros
* Bodycote Upgraded to Equal-weight at Morgan Stanley; PT 8 Pounds
* Cellnex Upgraded to Buy at Goldman; PT 39 Euros
* KPN Upgraded to Buy at Goldman; PT 3.30 Euros
* Kuehne + Nagel Upgraded to Neutral at Goldman; PT 132 Francs
* Remy Cointreau Raised to Overweight at Morgan Stanley
* Telenor Upgraded to Buy at Goldman; PT 215 Kroner
>>> Down
* Babcock Downgraded to Neutral at Goldman; PT 5.50 Pounds
* Campari Cut to Underweight at Morgan Stanley; PT 7.90 Euros
* Datagroup Downgraded to Sell at Baader Helvea; PT 34 Euros
* Sampo Downgraded to Neutral at JPMorgan; PT 44 Euros
>>> Initiation
* Adyen Rated New Overweight at Cantor; PT 834 Euros
* Hurricane Energy Rated New Buy at Berenberg; PT 1 Pound (1 Fish)
>>> Call
* Bodycote Raised as Valuation Reflects Headwinds: Morgan Stanley
* Remy Buying Opportunity While Campari Expensive: Morgan Stanley