>>> Europe : Brokers Upgrades & Downgrades - 31st of January 2017

>>> Up
*Leroy Raised to Buy at ABG Sundal, PT NOK495
*RTL Raised to Buy at BofAML, PT EU87
*Tod's Raised to Outperform at Credit Suisse
*Valeo Raised to Buy at HSBC, PT EU65

>>> Down
*Air France Cut to Neutral at Citi
*Barclays Cut to Hold at Bankhaus Lampe
*Drax Cut to Equal-Weight at Barclays
*IG Group Cut to Underperform at RBC, PT 510p
*Nokian Renkaat Cut to Reduce at HSBC, PT EU32
*Randgold Cut to Neutral at Credit Suisse
*Telia Cut to Add at AlphaValue

>>> PT Change


>>> Initiation
*Enagas Rated New Underweight at Barclays, PT EU21.90
*ICADE Rated New Buy at Deutsche Bank, PT EU75
*Red Electrica Rated New Underweight at Barclays, PT EU16.60
*Terna Rated New Overweight at Barclays, PT EU4.90

>>> Call
>> Stock|
*OHB ADDED TO ALPHA LIST AT BANKHAUS LAMPE
*ZALANDO ADDED TO ALPHA LIST AT BANKHAUS LAMPE
>> Index
*EURO STOXX 50 MID-YEAR TARGET UPPED TO 3,500 FROM 3,350 AT CREDIT SUISSE
*EURO STOXX 50 YEAR-END TARGET UPPED TO 3,450 FROM 3,300 AT CREDIT SUISSE