>>> Europe : Brokers Upgrades & Downgrades - 3rd of January 2017

>>> Up
*InterContinental Raised to Overweight at Barclays
*Statoil Raised to Buy at Fearnley, PT NOK185

>>> Down
*BP Cut to Hold at Independent Research, PT 560p
*H&M Cut to Sell as Sales Trend Seen as ‘Worrisome’: Deutsche

>>> PT Change


>>> Initiation
*Kering Rated New Buy at Invest Securities, PT EU240

>>> Call