>>> Up
* Autoliv Upgraded to Outperform at Baird; PT $192
* SMCP Upgraded to Overweight at JPMorgan; PT 25 Euros
* Telenet Raised to Equal-weight at Morgan Stanley; PT 67.80 Euros
* Tryg Upgraded to Hold at Deutsche Bank
>>> Down
* Apple Downgraded to Market Perform at BMO; PT $162
* Asos Downgraded to Hold at HSBC; PT 75 Pounds
* Kvaerner Cut to Hold at Pareto Securities; PT Set to 17 Kroner
* SSP Downgraded to Sell at Goldman
* Temenos Downgraded to Hold at Deutsche Bank
* Visiativ Downgraded to Reduce at Gilbert Dupont; PT 45.40 Euros
>>> Initiation
* Advicenne SACA Rated New Buy at Gilbert Dupont; PT 20.80 Euros
* FinTech Group Rated New Buy at Berenberg; PT 40 Euros
* Temenos Rated New Buy at Citi; PT 175 Francs
>>> Call