>>> Up
* Continental Raised to Equal-Weight at Barclays; PT 70 euros
* Dechra Pharma Raised to Add at Numis; PT 4,000 pence
* Ion Beam Raised to Hold at ING; PT 18 euros
* Michelin Raised to Overweight at Barclays; PT 35 euros
* Rosenbauer Raised to Buy at Baader Helvea; PT 42 euros
* Sage Raised to Equal-Weight at Barclays; PT 720 pence
* Sainsbury Raised to Market Perform at Bernstein; PT 210 pence
>>> Down
* Aalberts Cut to Neutral at Oddo BHF; PT 40 euros
* Ashmore PT Cut to 170 pence from 200 pence at Berenberg
* Faurecia SE Cut to Underweight at Barclays; PT 15 euros
* HeidelbergCement Cut to Underperform at Oddo BHF; PT 45 euros
* Intertek Cut to Hold at Jefferies; PT 4,700 pence
* Nordex Cut to Hold at Stifel; PT 9 euros
* Profoto Holding Cut to Hold at Handelsbanken
* SAP Cut to Equal-Weight at Barclays; PT 102 euros
* SAP ADRs Cut to Equal-Weight at Barclays; PT $108
* Software AG Cut to Underweight at Barclays; PT 30 euros
* Swatch Cut to Hold at Stifel; PT 250 Swiss francs
* Titan Cement Cut to Neutral at Oddo BHF; PT 12 euros
* Valeo Cut to Equal-Weight at Barclays; PT 20 euros
* Wienerberger Cut to Underperform at Oddo BHF; PT 20 euros
>>> Initiation
* Ambea Rated New Buy at Berenberg; PT 75 kronor
>>> Call
* Ambea New Buy at Berenberg, Demographic Trends to Spur Demand
* Ashmore PT Cut to Street-Low at Berenberg as Problems Persist
* Intertek Cut on China Exposure, Prefer Bureau Veritas: Jefferies
* Sainsbury Upgraded at Bernstein With Bad News Now Priced In
* SEB a ‘Bulletproof Growth Story,’ Initiated Buy at Berenberg