>>> Up
* Barclays Upgraded to Buy at Bankhaus Lampe
* BBVA Upgraded to Buy at Bankhaus Lampe
* Bureau Veritas Raised to Outperform at Credit Suisse
* Elisa Upgraded to Buy at BofAML
* Generali Upgraded to Accumulate at Banca Akros
* HSBC Upgrades Garanti to Buy, Cuts Yapi Kredi to Hold
* ING Upgraded to Accumulate at KBC Securities
* ING Upgraded to Buy at Kepler Cheuvreux; PT 12.90 Euros
* Lem Upgraded to Buy at Research Partners; PT 1,400 Francs
* Sievi Capital Upgraded to Reduce at Inderes; PT 1.35 Euros
* SKF Upgraded to Buy at Kepler Cheuvreux; PT 190 Kronor
* Teva ADRs Upgraded to Overweight at Morgan Stanley; PT $27
>>> Down
* Babcock Downgraded to Sector Perform at RBC; PT 7 Pounds
* BPER Banca Downgraded to Sell at Goldman; PT 3 Euros
* Hoist Cut as Morgan Stanley Turns Increasingly Cautious
* Intesa Downgraded to Sell at Goldman; PT 1.95 Euros
* Kingfisher Downgraded to Add at AlphaValue
* Mediclinic Downgraded to Hold at Investec
* Telenet Double-Downgrade at BofAML on Tough ‘Transitionary’ Year
>>> Initiation
* Elia Rated New Buy at Kepler Cheuvreux; PT 62 Euros
* Linde Rated New Equal-weight at Barclays; PT $178
>>> Call
* Rhoen Klinikum Price Target Cut at Lampe on Regulatory Changes
* Wacker Chemie PT, Ests. Cut at Warburg on Polysilicone Weakness