>>> Up
* Dufry Raised to Buy at Grupo Santander; PT 46 Swiss francs
* Marks & Spencer Raised to Buy at Jefferies; PT 160 pence
* Renault Raised to Buy at Goldman; PT 28 euros
* Sandvik Raised to Overweight at Morgan Stanley; PT 186 kronor
* Signify Raised to Buy at SocGen; PT 25 euros
* Zoom Video Raised to Buy at DA Davidson; PT $240
>>> Down
* B&M European Cut to Hold at Jefferies; PT 410 pence
* Cairn Energy Cut to Equal-Weight at Morgan Stanley
* Hurricane Energy Cut to Equal-Weight at Morgan Stanley
* Iliad Cut to Equal-Weight at Morgan Stanley; PT 165 euros
* Neste Cut to Hold at Carnegie; PT 38 euros
* Odfjell Drilling Cut to Neutral at SpareBank; PT 10 kroner
>>> Initiation
* Carnival Plc Reinstated Underweight at Morgan Stanley
* Flatex AG Rated New Buy at MainFirst; PT 47 euros
* Johnson Matthey Resumed Buy at Citi
* Mauna Kea Tech Reinstated Buy at Oddo BHF; PT 2.50 euros
* Royal Caribbean Reinstated Underweight at Morgan Stanley
* RWE Rated New Buy at Citi; PT 34 euros
>>> Call
* Aker BP Is Morgan Stanley’s Top Pick Within E&P in Europe
* M&S Upgraded on Food Strength, B&M Cut on Valuation: Jefferies
* RWE Shares Not Reflecting Renewable Shift, Citi Starts at Buy
* Sandvik Double-Upgraded, Becomes Preferred Cyclical Stock: MS