>>> Up
* BNP Paribas Upgraded to Buy at Jefferies
* EMS-Chemie Upgraded to Neutral at MainFirst; PT 660 Francs
* Morrison Upgraded to Buy at Jefferies
* OMV Upgraded to Overweight at JPMorgan
* Segro Upgraded to Buy at Stifel; PT 6.33 Pounds
* Straumann Upgraded to Hold at Berenberg
* Tesco Upgraded to Buy at Jefferies
* Travis Perkins Upgraded to Add at Peel Hunt; PT 14.30 Pounds
* Unite Group Upgraded to Buy at Stifel; Price Target 8.41 Pounds
>>> Down
* CIE Automotive Downgraded to Sell at SocGen; PT 24 Euros
* Deutsche Telekom Cut to Equal-weight at Barclays; PT 16 Euros
* HSBC, Citi Cut Hong Kong Mortgage Rates, HKET Reports
* Iberdrola Downgraded to Reduce at AlphaValue
* Laird Downgraded to Hold at Stifel; PT 2 Pounds
* Moneysupermarket Downgraded to Hold at Shore Capital
* Novozymes Downgraded to Underweight at JPMorgan
* ProSieben Cut to Underperform at Credit Suisse; PT 27.10 Euros
* Spectris Downgraded to Hold at Liberum; PT 28 Pounds
>>> Initiation
* Bakkavor Group Rated New Hold at Berenberg; PT 2.10 Pounds
* Victory Capital Holdings Rated New Overweight at Barclays
>>> Call