>>> Up
* Andritz Upgraded to Buy at Erste Group; PT 53.30 Euros
* Cobham Upgraded to Hold at SocGen; PT 1.10 Pounds
* Daily Mail Upgraded to Hold at Panmure Gordon
* Euskaltel Upgraded to Outperform at RBC; PT 12 Euros
* Lanxess Upgraded to Neutral at MainFirst; PT 59 Euros
* Permanent TSB Upgraded to Buy at Goodbody; PT 2.20 Euros
* Pirelli Upgraded to Buy at HSBC; PT 7.50 Euros
* Renault Upgraded to Buy at HSBC; PT 75 Euros
>>> Down
* BTG Downgraded to Hold at Jefferies; PT 8.40 Pounds
* Daimler Downgraded to Reduce at HSBC; PT 45 Euros
* Faurecia Downgraded to Reduce at HSBC; PT 34 Euros
* Hiscox Downgraded to Reduce at Investec; PT 16.30 Pounds
* Iberdrola Downgraded to Neutral at Goldman; PT 7.40 Euros
* Sage Downgraded to Neutral at Goldman; PT 6.70 Pounds
* Sodexo Downgraded to Neutral at Citi
* Thomas Cook Downgraded to Sell at Berenberg
>>> Initiation
* Akzo Nobel Reinstated at Macquarie With Outperform; PT 82 Euros
* Arkema Reinstated at Macquarie With Outperform; PT 104 Euros
* Amigo Holdings Rated New Sell at Goodbody; PT 2.04 Pounds
* BHP Group PLC Reinstated at Investec With Buy
* Derichebourg Rated New Buy at Kepler Cheuvreux; PT 6 Euros
* DSM Reinstated at Macquarie With Outperform; PT 113 Euros
* Getlink SE Rated New Underweight at Santander
* Johnson Matthey Reinstated Outperform at Macquarie; PT 35 Pounds
* Molecular Partners Reinstated Neutral at Credit Suisse
* Morses Club Rated New Buy at Goodbody; PT 1.57 Pounds
* Neoen Rated New Equal-weight at Barclays; PT 21 Euros
* Non-Standard Finance Rated New Buy at Goodbody; PT 77 Pence
* Provident Rated New Buy at Goodbody; PT 7.75 Pounds
* Solvay Reinstated at Macquarie With Neutral; PT 105 Euros
* Umicore Reinstated at Macquarie With Neutral; PT 39 Euros
>>> Call
* European Banks Cut at Morgan Stanley on Challenging Backdrop
* Italian Stocks Downgraded at Jefferies Amid Economic Slowdown