>>> Up
*Aena Raised to Buy at HSBC
*Airbus Raised to Neutral at JPMorgan
*Airbus Raised to Overweight at Morgan Stanley, PT EU76
*Allianz Raised to Overweight at JPMorgan, PT EU180
*British Land Raised to Neutral at Exane, PT 700p
*Dassault Aviation Raised to Overweight at JPMorgan
*Deutsche Wohnen Raised to Outperform at Exane, PT EU36
*DNB Raised to Overweight at Barclays
*Ferrovial Raised to Buy at Santander, PT EU21
*Fiat Raised to Outperform at MedioBanca, PT EU12
*Flughafen Wien Raised to Buy at HSBC
*G4S Raised to Hold at Jefferies, PT 235p
*LEG Immobilien Raised to Outperform at Exane, PT EU86
*Linde Raised to Market Perform at Bernstein, PT EU142
*Next Raised to Neutral at Credit Suisse, PT 4100p
*Novozymes Raised to Outperform at Bernstein, PT DKK280
*Transocean Raised to Buy at Arctic Securities, PT $19
*UCB Raised to Hold at Jefferies, PT EU65
*Uniqa Raised to Neutral at JPMorgan, PT EU7.30
*Vienna Insurance Raised to Neutral at JPMorgan, PT EU23.50
*Vonovia Raised to Outperform at Exane, PT EU37
*Zodiac Aerospace Raised to Overweight at JPMorgan
>>> Down
*Actelion Cut to Hold at Jefferies, PT CHF240
*Cairn Energy Cut to Neutral at Macquarie
*Faroe Petroleum Cut to Neutral at Macquarie
*Fonciere des Regions Cut to Neutral at Exane, PT EU92
*Gecina Cut to Underperform at Exane, PT EU131
*Hannover Re Cut to Underweight at JPMorgan, PT EU102
*Hilton Cut to Sell at Berenberg, PT $47
*ICADE Cut to Neutral at Exane, PT EU77
*Interpublic Cut to Equal-Weight at Morgan Stanley, PT $26
*Leroy Cut to Hold at Arctic Securities, PT NOK500
*Linde Cut to Hold at Deutsche Bank
*Lundin Petroleum Cut to Underperform at Macquarie
*Next Cut to Hold at SocGen, PT 4112p
*Next Cut to Reduce at HSBC
*Ophir Energy Cut to Neutral at Macquarie
*Premier Oil Cut to Neutral at Macquarie
*Rhoen Klinikum Cut to Reduce at Kepler Cheuvreux, PT EU23
*RSA Cut to Neutral at JPMorgan, PT 585p
*Safran Cut to Neutral at Credit Suisse
*Talanx Cut to Neutral at JPMorgan, PT EU32
*Tullow Cut to Neutral at Macquarie
*Zurich Ins. Cut to Neutral at JPMorgan, PT CHF290
>>> PT Change
>>> Initiation
*Hilton Rated New Buy at Goldman, PT $68
*Mondelez Rated New Buy at Berenberg, PT $51.15
>>> Call