>>> Up
* Ferrovial Upgraded to Add at AlphaValue
* Troax Upgraded to Buy at Handelsbanken; PT 320 Kronor
* Volvo Upgraded to Buy at SEB Equities; PT 155 Kronor
>>> Down
* 1&1 Drillisch Downgraded to Hold at HSBC; PT 40 Euros
* Ahold Delhaize Cut to Underweight at JPMorgan; PT 20 Euros
* ArcelorMittal Downgraded to Neutral at Goldman; PT 22.50 Euros
* Brunello Cucinelli Downgraded to Hold at Berenberg
* Getinge Cut to Sell at Handelsbanken; Price Target 75 Kronor
* Klepierre Downgraded to Equal-weight at Barclays; PT 31 Euros
* Outokumpu Downgraded to Sell at Goldman; PT 3.60 Euros
* Petra Diamonds Downgraded to Neutral at JPMorgan; PT 35 Pence
* Randstad Downgraded to Hold at ING; PT 42.50 Euros
* Standard Life Aberdeen Cut to Equal-weight at Morgan Stanley
* Tod's Downgraded to Reduce at Kepler Cheuvreux; PT 37 Euros
* Unibail Downgraded to Underweight at Barclays; PT 140 Euros
* United Internet Downgraded to Hold at HSBC; PT 39 Euros
>>> Initiation
* Funding Circle Holdings Rated New Equal-weight at Barclays
* Total Reinstated at Cowen With Outperform; PT 51 Euros
>>> Call
* Jefferies Raises U.K. Stocks as Market Not Concentrating on BOE