>>> Up
* Allreal Upgraded to Outperform at ZKB
* Anglo American Upgraded to Reduce at AlphaValue
* IAG Raised to Outperform from Neutral at DavyResearch, PT 900p
* Sparebanken Vest Raised to Buy at Pareto Securities
>>> Down
* Admiral Downgraded to Hold at Peel Hunt
* Air France-KLM Cut to Hold at Kepler Cheuvreux; PT 9 Euros
* Carmat Downgraded to Hold at Portzamparc; PT 25.30 Euros
* Edenred Downgraded to Sell at Berenberg
* GAM Holding Downgraded to Neutral at Macquarie; PT 8.65 Francs
* Goodyear Downgraded to Hold at Berenberg
* ITV Downgraded to Equal-weight at Morgan Stanley; PT 2.10 Pounds
* Logitech Downgraded to Hold at Kepler Cheuvreux; PT 50 Francs
* Pirelli Downgraded to Sell at Berenberg - {NSN PEB9KQ6JIJUP <GO>}
* SHF GR Cut to Hold at SRH AlsterResearch
* SpareBank 1 BV Cut to Hold at Pareto Securities; PT 40 Kroner
* va-Q-tec Downgraded to Hold at Berenberg
>>> Initiation
* Atrium Ljungberg Rated New Buy at DNB Markets; PT 179 Kronor
* Lar Espana Real Estate Socimi Rated New Sell at SocGen
>>> Call