>>> Up
* Albioma PT Raised to 40 euros from 34 euros at Oddo BHF 9+0
* Arkema Raised to Buy at Goldman; PT 101 euros
* Atlantia Raised to Outperform at Exane; PT 23.10 euros
* BAT Raised to Outperform at Bernstein; PT 3,900 pence
* BAT ADRs Raised to Outperform at Bernstein; PT $50.83
* BHP Group PLC Raised to Neutral at JPMorgan; PT 1,900 pence
* Brenntag Raised to Hold at ABN Amro Bank; PT 41 euros (+)
* Ceres Power PT Raised to 540 pence from 300 pence at Liberum
* Dialog Semi Raised to Buy at Deutsche Bank; PT 42 euros
* DSV Panalpina Raised to Outperform at Exane; PT 815 kroner
* Eurocash Raised to Neutral at JPMorgan; PT 19.70 zloty
* Freenet Raised to Buy at HSBC; PT 21 euros
* GoCo Group PLC Raised to Buy at Stifel; PT 105 pence (+)
* HelloFresh Raised to Overweight at JPMorgan; PT 28 euros
* Humana Raised to Buy at ABG; PT 62 kronor
* KBC Group Raised to Equal-Weight at Barclays; PT 59 euros
* Kion Raised to Buy at Citi
* Korian Raised to Buy at HSBC; PT 50 euros
* Lanxess Upgraded to Buy at Metzler as Risk-Reward Turns Positive (+)
* Maersk Raised to Outperform at Exane; PT 9,250 kroner
* PZU Raised to Overweight at JPMorgan; PT 44 zloty
* Santander Brasil ADRs Raised to Buy at HSBC; PT $10.70
* SEB Raised to Buy at SocGen; PT 136 euros
* Sodexo Raised to Market Perform at Bernstein; PT 89 euros
* Vinci Raised to Neutral at Exane; PT 97 euros
>>> Down
* Adecco Cut to Neutral at JPMorgan; PT 57 Swiss francs
* Barclays Cut to Add at AlphaValue
* Meggitt Cut to Neutral at Goldman; PT 654 pence
* Richter Cut to Neutral at JPMorgan; PT 7,900 forint
* Saga Cut to Hold at Peel Hunt
* SES GDRs PT Cut to 8.60 euros from 14 euros at Morgan Stanley
* SKF Cut to Sell at Citi
* Spar Nord Raised to Buy at Danske Bank Markets; PT 66 kroner (+)
>>> Initiation
* Alcon Rated New Neutral at Citi
* Allianz Rated New Buy at Berenberg; PT 282 euros
* Axa Rated New Hold at Berenberg; PT 29.70 euros
* Generali Rated New Hold at Berenberg; PT 20.90 euros
* Huntsworth Cut to Hold at Berenberg; PT 108 pence (+)
* Kruk Rated New Buy at Citi
* Mountain Alliance Rated New Buy at Montega; PT 6.70 euros
* Ontex Raised to Neutral at Goldman; PT 15.60 euros (+)
* Sampo Rated New Buy at Berenberg; PT 49.40 euros
* Spectris Cut to Sell at Shore Capital; PT 2,500 pence
* Zurich Ins. Rated New Buy at Berenberg; PT 477.90 Swiss francs
>>> Call
* Adidas and Puma Estimates Cut on China Virus Pressure, RBC Says
* BAT ‘Future-Proofing’ Its Business, Bernstein Ups to Outperform
* European Large-Cap Insurers Remain Undervalued: Berenberg
* GVC Results Suggest 1% Beat Versus Consensus, Berenberg Says (+)
* Kion Weakness is Chance to Buy, SKF Demand Bounce Unlikely: Citi (+)
* Saga Risks Running Out of Options as Virus Hits Cruise Ops: Peel
* Spirent Earnings Beat Consensus, Order Book Strong: Jefferies (+)
* Spire’s 2H Results Provide Confidence for 2020, RBC Says (+)
* Swedbank Faces Potential Positive AML Catalyst: Morgan Stanley