>>> Up
* Auto Trader Raised to Neutral at UBS (+)
* E.ON Raised to Neutral at MainFirst; PT 8.90 euros (+)
* Diageo Raised to Outperform at RBC; PT 3,500 pence
* Francotyp-Postalia Raised to Buy at GSC Research; PT 4.20 euros
* Liberbank Raised to Buy at Grupo Santander; PT 41 euro cents (+)
* Ontex Raised to Overweight at JPMorgan; PT 19 euros
* Pandora Raised to Buy at Handelsbanken; PT 300 kroner
* Rightmove Raised to Neutral at Goldman; PT 653 pence
* Serco Raised to Overweight at JPMorgan; PT 170 pence
>>> Down
* Alstria Office Cut to Hold at Jefferies
* Aston Martin Cut to Neutral at Goldman; PT 520 pence
* Deutsche Beteiligungs AG Cut to Hold at M.M. Warburg (+)
* Elis Cut to Equal-Weight at Morgan Stanley; PT 18.80 euros
* Essity Cut to Neutral at JPMorgan; PT 330 kronor
* Go-Ahead Cut to Hold at Canaccord; PT 2,200 pence (+)
* IMCD Cut to Hold at HSBC; PT 75 euros
* JD Sports Cut to Hold at Stifel; PT 780 pence (+)
* Michelin Cut to Hold at HSBC; PT 125 euros
* TUI Cut to Neutral at Oddo BHF; PT 1,103.88 pence
* Hurricane Energy Cut to Speculative Buy at Canaccord (+)
* William Hill Cut to Hold at Stifel; PT 190 pence (+)
>>> Initiation
* Aedifica Rated New Underweight at Barclays; PT 100 euros
* Assura Rated New Overweight at Barclays; PT 81 pence
* Cofinimmo Rated New Underweight at Barclays; PT 115 euros
* Telenor Resumed Buy at Citi; PT 190 kroner (+)
* Verallia Rated New Buy at Citi
>>> Call
* Diageo Upgraded to Outperform at RBC on Strong Revenue Growth
* JD Sports Cut to Hold at Stifel; PT 780 pence