>>> Europe : Brokers Upgrades & Downgrades - 6th of November 201

>>> Up
* Carnival Plc Raised to Equal-weight at Morgan Stanley
* Derwent London Raised to Outperform at Credit Suisse
* Dialog Semi Upgraded to Hold at Bankhaus Lampe
* EasyJet Upgraded to Overweight at JPMorgan; PT 15.50 Pounds
* Glencore Upgraded to Outperform at BMO; PT 4 Pounds
* Great Portland Raised to Outperform at Credit Suisse
* Hermes International Upgraded to Hold at SocGen; PT 460 Euros
* Ibstock Upgraded to Buy at Peel Hunt
* K+S Upgraded to Hold at Baader-Helvea; Price Target 20 Euros

>>> Down
* Arkema Downgraded to Neutral at MainFirst; PT 114 Euros
* Breedon Downgraded to Add at Peel Hunt
* Dialog Semi Cut to Equal-weight at Morgan Stanley; PT 31 Euros
* Land Securities Cut to Neutral at Credit Suisse; PT 10.35 Pounds

>>> Initiation
* Applus Rated New Buy at Mirabaud Securities; PT 13.20 Euros
* Oriflame Reinstated at SEB Equities With Buy; PT 425 Kronor
* Ted Baker Rated New Equal-weight at Barclays; PT 27 Pounds
* VGP Rated New Neutral at JPMorgan; PT 65 Euros
* Volution Rated New Hold at Peel Hunt; PT 2.15 Pounds


>>> Call