>>> Up
* DS Smith Raised to Buy at Peel Hunt
* J. Martins Raised to Neutral at Natixis
* Segro Raised to Add at AlphaValue, PT 577p
>>> Down
* Castings Cut to Hold at Peel Hunt
* DKSH Cut to Reduce at Kepler Cheuvreux, PT CHF82
* DNB Cut to Hold at Norne Securities, PT NOK174
* Exprivia Cut to Neutral at Banca Akros
* Recticel Cut to Accumulate at KBC Securities
* Royal Mail Cut to Underperform at Credit Suisse
* Swiss Re Cut to Neutral at Goldman, PT CHF95
* Victrex Cut to Hold at Peel Hunt
* Wienerberger Cut to Hold at Raiffeisen Centrobank, PT EU23
* Xaar Cut to Add at Peel Hunt
>>> Initiation
* Amundi New Buy at Santander, PT EU82.80
* BC Vaudoise New Hold at Kepler Cheuvreux, PT CHF715
* Chemring Group New Add at Peel Hunt, PT 185p
* Deutsche Post New Buy at Berenberg, PT EU45
* DSV New Hold at Berenberg, PT DKK455
* Engie New Buy at Kepler Cheuvreux, PT EU16.50
* Gas Natural Resumed Hold at Deutsche Bank, PT EU19
* Grifols New Buy at Citi
* Kuehne + Nagel New Hold at Berenberg, PT CHF180
* Maersk New Sell at Berenberg, PT DKK10,000
* Royal Mail New Hold at Berenberg, PT 375p
* Switch New Market Perform at Raymond James
* Tyman New Buy at Peel Hunt, PT 430p
* Valiant New Reduce at Kepler Cheuvreux, PT CHF96
* VZ Holding New Buy at Kepler Cheuvreux, PT CHF380
>>> Call