>>> Up
*Arkema Raised to Buy at Citi
*B&M European Raised to Outperform at RBC, PT 380p
*Gecina Raised to Buy at Kepler Cheuvreux, PT EU150
*Sofina Raised to Buy at Bank Degroof Petercam, PT EU140
>>> Down
*Bayer Cut to Hold at Berenberg
*Eurazeo Cut to Hold at HSBC, PT EU70
*Intertek Cut to Neutral at Goldman
*Intertek Cut to Hold at Berenberg
*Severn Trent Cut to Underperform at Bernstein, PT 1,900p
*United Utilities Cut to Market Perform at Bernstein, PT 930p
>>> Initiation
*Idorsia New Equal-weight at Morgan Stanley, PT CHF12
*ISS New Buy at Kepler Cheuvreux, PT DKK300
*Medicover New Buy at Jefferies, PT SEK80
*Medicover New Buy at SEB Equities, PT SEK81
*S & U New Buy at Peel Hunt, PT 2,610p
>>> Call