>>> Up
* Aalberts Raised to Buy at ING
* Beiersdorf Raised to Buy at DZ Bank, PT EU107 (Yest. night)
* BMW Raised to Buy at Nord/LB, PT EU88 (Yest. night)
* BPER Banca Raised to Buy at Citi
* Bucher Raised to Hold at Mirabaud Securities, PT CHF330
* Kellogg Raised to Overweight at JPMorgan, PT $78
* Panalpina Raised to Hold at Jefferies, PT CHF110
>>> Down
* Aurubis Cut to Underweight at Morgan Stanley, PT EU54
* CompuGroup Cut to Hold at Baader-Helvea
* Ferrexpo Cut to Hold at VTB Capital, PT 240p
* Ferrexpo Cut to Hold at HSBC, PT GBP2.25
* Fraport Cut to Hold at HSBC, PT EU84
* Iberdrola Cut to Hold at Berenberg
* Ibstock Cut to Neutral at Davy
* Kuehne + Nagel Cut to Underperform at Jefferies, PT CHF140
* Mediaset Espana Cut to Equal-weight at Morgan Stanley
* Nexity Cut to Hold at HSBC, PT EU54
* Spie Cut to Hold at Kepler Cheuvreux, PT EU24
* Teva Cut to Neutral at Credit Suisse
* Teva Cut to Market Perform at Bernstein, PT $28
>>> Initiation
* Hertz New Neutral at JPMorgan, PT $15
* Pandora New Buy at Citi (Underperforming Pandora Rated New Buy at Citi)
>>> Call