>>> Up
* Beneteau Upgraded to Buy at Gilbert Dupont; PT 17.50 Euros
* CaixaBank Upgraded to Outperform at RBC; PT 4.40 Euros
* CaixaBank Upgraded to Overweight at JPMorgan; PT 4.65 Euros
* DEFAMA Upgraded to Buy at SRC Research; PT 14.50 Euros
* Hunting Upgraded to Buy at Kepler Cheuvreux; PT 10 Pounds
* Ingenico Group Upgraded to Buy at HSBC; PT 81 Euros
* Lloyds Banking Group Upgraded to Hold at Berenberg
* UBI Banca Upgraded to Overweight at JPMorgan; PT 4.20 Euros
>>> Down
* BBVA Downgraded to Neutral at JPMorgan; PT 6.80 Euros
* DNB Downgraded to Underweight at Barclays; PT 155 Kroner
* Greenyard Downgraded to Hold at Kepler Cheuvreux; PT 8.50 Euros
* Hostelworld Downgraded to Hold at Berenberg
* ING Downgraded to Neutral at JPMorgan; PT 14.40 Euros
* Inmarsat Downgraded to Sector Perform at RBC; PT 6.50 Pounds
* Maisons France Confort Cut to Reduce at Gilbert Dupont
* Ontex Downgraded to Hold at Kepler Cheuvreux; PT 21 Euros
* Stef Downgraded to Neutral at Oddo BHF; PT 104 Euros
>>> Initiation
* Austrian Post Rated New Hold at Berenberg; PT 35 Euros
* BBA Aviation Rated New Buy at Berenberg; PT 3.70 Pounds
* Bpost Rated New Buy at Berenberg; PT 17 Euros
* Neste Reinstated at Goldman With Neutral; PT 83 Euros
* PostNL Rated New Sell at Berenberg; PT 2.35 Euros
>>> Call
* Dialog on Alpha List, ’Very Positive Newsflow’ Possible: Lampe