>>> Europe : Brokers Upgrades & Downgrades - 31st of October 201

>>> Up
*IAG Raised to Hold at HSBC
*SSAB Raised to Buy at Jefferies, PT SEK34
*Technip Raised to Add at AlphaValue, PT EU66.10
*William Hill Raised to Hold at HSBC

>>> Down
*Dialog Cut to Hold at Bankhaus Lampe, PT EU38
*Novo Nordisk Cut to Hold at DNB Markets, PT DKK255
*Novo Nordisk Cut to Add at AlphaValue, PT DKK301
*Novo Nordisk Cut to Neutral at Citi, PT DKK260
*UPM Cut to Neutral at Citi, PT EU22.70

>>> PT Change


>>> Initiation


>>> Call
>> Stock
*LAGARDERE ADDED TO CONVICTION LIST AT GOLDMAN
*ZAYO GROUP ADDED TO CONVICTION BUY LIST AT GOLDMAN