>>> Europe : Brokers Upgrades & Downgrades - 4th of April 2017

>>> Up
*Abcam Raised to Add at Numis
*Accor Raised to Overweight at Morgan Stanley, PT EU42
*BP Raised to Buy at Deutsche Bank
*Clinigen Raised to Buy at Numis
*Estee Lauder Raised to Buy at Goldman, PT $103
*Imagination Tech Raised to Neutral at Credit Suisse, PT 100p
*Mondelez Raised to Buy at Goldman, PT $52
*Nordex Raised to Buy at Nord/LB, PT EU15
*Redrow Raised to Buy at Liberum, PT 561p
*Rotork Raised to Overweight at JPMorgan, PT 265p

>>> Down
*A2A Cut to Neutral at MedioBanca
*Aviva Cut to Neutral at Goldman, PT 525p
*Berkeley Cut to Hold at Liberum, PT 3,169p
*Biotest Cut to Hold at Kepler Cheuvreux, PT EU16
*Eni Cut to Hold at Deutsche Bank
*Genmab Cut to Hold at Deutsche Bank, PT DKK1,380
*Imagination Tech Cut to Hold at Jefferies, PT 95p
*Mediclinic Cut to Neutral at Macquarie, PT GBP7.70
*Persimmon Cut to Hold at Liberum, PT 2,161p
*Suedzucker Cut to Sell at Goldman, PT EU18
*Tele2 Cut to Underweight at Barclays
*WS Atkins Cut to Hold at Stifel, PT 2,080p

>>> Initiation
*Allianz New Buy at Goldman, PT EU197
*Axa New Neutral at Goldman, PT EU24
*Berendsen New Outperform at Exane, PT 950p
*Essilor New Long at Evercore ISI
*Generali New Sell at Goldman, PT EU13.80
*Genus Reinstated Hold at Numis, PT 1,815p
*Greencore Group New Buy at Kepler Cheuvreux, PT 300p
*Hermes International New No Position at Evercore ISI
*Hugo Boss New No Position at Evercore ISI
*IMI New Neutral at Citi, PT 1,230p
*Kate Spade New No Position at Evercore ISI
*Maersk New Buy at HSBC, PT DKK13,300
*Pandora New Short at Evercore ISI
*Rentokil New Outperform at Exane, PT 285p
*Salvatore Ferragamo New No Position at Evercore ISI
*Weir New Buy at Citi, PT 2,270p
*Zurich Ins. New Buy at Goldman, PT CHF320

>>> Call