>>> Up
* Hapag-Lloyd Upgraded to Buy at Berenberg
* HeidelbergCement Upgraded to Buy at HSBC; PT 74 Euros
* LafargeHolcim Upgraded to Hold at HSBC; PT 44 Francs
* Morrison Upgraded to Neutral at Citi
* Royal Mail Upgraded to Buy at HSBC; PT 3 Pounds
* TUI Upgraded to Buy at Citi
>>> Down
* BHP Group PLC Downgraded to Underweight at JPMorgan
* Electrolux Cut to Accumulate at Handelsbanken; PT 260 Kronor
* Hansa Biopharma Cut to Inline at Evercore ISI; PT 270 Kronor
* JM Downgraded to Sell at Handelsbanken; PT 155 Kronor
* KAZ Minerals Downgraded to Hold at HSBC; Price Target 6 Pounds
* Novo Nordisk Cut to Accumulate at Handelsbanken; PT 363 Kroner
>>> Initiation
* Adyen Rated New Buy at Goldman; PT 775 Euros
* GVC Rated New Buy at Jefferies; PT 11 Pounds
* Paddy Power Rated New Buy at Jefferies; PT 79 Pounds
* Partners Group Reinstated at Goldman With Neutral; PT 704 Francs
* William Hill Rated New Buy at Jefferies; PT 2.30 Pounds
>>> Call
* Pick Inditex Over H&M and Next Over Kingfisher, RBC Recommends
* Investors Undervaluing More ‘Purposeful’ StanChart: Berenberg
* European Reinsurance Renewals Likely to Disappoint: Jefferies