>>> Up
* Lululemon Raised to Outperform at CICC; PT $454.57
* M&G Raised to Outperform at Mediobanca SpA; PT 254 pence
* Nordic Semiconductor Raised to Buy at Arctic Securities
* Restaurant Group Raised to Buy at Deutsche Bank; PT 56.50 pence (+)
* Rio Tinto Raised to Buy at Deutsche Bank; PT 6,000 pence (+)
* Tristel Raised to Buy at Numis; PT 440 pence (+)
* TUI Raised to Buy at Deutsche Bank; PT 843 pence (+)
>>> Down
* Aviva Cut to Neutral at Mediobanca SpA; PT 471 pence
* Dollar General Cut at Morgan Stanley on Greater Uncertainty
* Estee Lauder Cut to Market Perform at Oppenheimer
* Home Invest Belgium SA Cut to Hold at KBC Securities (+)
>>> Initiation
* DSM-Firmenich Rated New Buy at Redburn (+)
* Eramet Rated New Buy at Stifel; PT 140 euros
* Marimekko Rated New Buy at Nordea; PT 10.80 euros
>>> Call
* Dowlais New Buy at Jefferies as Ideal Play on Auto Recovery
* EU Industrials Could Pivot to Integration, Capex From Large M&A
* Equitrans Double-Upgraded at MS on MVP Pipeline Potential
* H&M, Zalando Both Put on Negative Catalyst Watch at JPMorgan
* Morgan Stanley Sees Shock 16% US Profit Drop Killing Stock Rally
* Morgan Stanley’s Secker Says Europe Stocks to Fall 10% in Summer