>>> Up
* Alba Raised to Buy at AlphaValue
* Deutsche Boerse Raised to Hold at Nord/LB, PT EU83
* Drax Raised to Equal-weight at Morgan Stanley, PT 320p
* Gemalto Raised to Buy at HSBC
* Rexel Raised to Neutral at JPMorgan, PT EU15
* SKF Raised to Equal-weight at Barclays, PT SEK190
>>> Down
* Amundi Cut to Hold at Deutsche Bank
* BBVA Cut to Reduce at Kepler Cheuvreux, PT EU7.50
* Bellway Cut to Equal-weight at Barclays, PT GBP37.79
* Berkeley Cut to Underweight at Barclays, PT GBP36.28
* DIA Cut to Market Perform at Raymond James
* IWG Cut to Neutral at JPMorgan, PT 230p
* Nobia Cut to Hold at SEB Equities, PT SEK70
* Persimmon Cut to Underweight at Barclays, PT GBP27.11
* Redrow Cut to Equal-weight at Barclays, PT GBP6.88
* Roche Cut to Add at AlphaValue
* Safran Cut to Underperform at Credit Suisse, PT EU78
* Sartorius Stedim Cut to Add at AlphaValue
* Statoil Cut to Neutral at Citi
* Taylor Wimpey Cut to Equal-weight at Barclays, PT GBP2.08
* UBS Cut to Hold at SocGen, PT CHF18
>>> Initiation
* Raiffeisen Resumed Hold at Deutsche Bank, PT EU27
>>> Call