>>> Europe : Brokers Upgrades & Downgrades - 5th of September 2016

>>> Up
*ALDERMORE RAISED TO BUY VS HOLD AT DEUTSCHE BANK
*AURUBIS RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*LINDE RAISED TO NEUTRAL VS SELL AT CITI
*NEXANS RAISED TO BUY VS REDUCE AT KEPLER CHEUVREUX
*OPEN FINANCE RAISED TO BUY VS NEUTRAL AT CITI
*PERNOD RAISED TO BUY AT HSBC
*SCOR SE RAISED TO HOLD AT JEFFERIES
*TATNEFT RAISED TO BUY AT HSBC
*TEMENOS RAISED TO OUTPERFORM VS NEUTRAL AT CREDIT SUISSE
*ZOOPLA RAISED TO OVERWEIGHT VS EQUALWEIGHT AT BARCLAYS

>>> Down
*HELLENIC PETROLEUM CUT TO HOLD AT HSBC
*HUGO BOSS CUT TO SELL VS NEUTRAL AT UBS
*INFINEON CUT TO REDUCE VS NEUTRAL AT ODDO SEYDLER
*LEONTEQ CUT TO UNDERPERFORM VS NEUTRAL AT CREDIT SUISSE
*LLOYDS CUT TO HOLD VS BUY AT DEUTSCHE BANK
*MTU AERO ENGINES CUT TO NEUTRAL VS BUY AT GOLDMAN
*RBS CUT TO SELL VS HOLD AT DEUTSCHE BANK
*SOCGEN CUT TO REDUCE VS ADD AT ALPHAVALUE

>>> PT Change
*EFG INTERNATIONAL PT SET AT CHF6.5 AT CREDIT SUISSE

>>> Initiation
*AROUNDTOWN RATED NEW BUY AT UBS; PT EU6
*EFG INTERNATIONAL PT SET AT CHF6.5 AT CREDIT SUISSE
*EFG HERMES REINITIATED AT HOLD AT RENCAP; PT EGP13.5
*GRAND CITY RATED NEW BUY AT UBS; PT EU23
*LOTOS RATED NEW BUY AT HSBC
*REMY COINTREAU RATED BUY AT HSBC, PT EU80; WAS RESTRICTED

>>> Call