>>> Up
* Acerinox Raised to Neutral at Citi
* ALK-Abello Raised to Neutral at Kempen & Co, PT DKK960
* Attendo Raised to Hold at SEB Equities
* Bouygues Raised to Outperform at Exane, PT EU44
* Disney Raised to Outperform at Wells Fargo, PT $116
* DSM Raised to Market Perform at Bernstein
* Givaudan Raised to Market Perform at Bernstein
* Liberty-Formula One Raised to Buy at Citi
* Repsol Raised to Overweight at Morgan Stanley, PT EU17.50
* Snam Raised to Outperform at RBC, PT EU4.75
* UCB Raised to Buy at Kempen & Co, PT EU70
* Umicore Raised to Neutral at Citi
>>> Down
* Admiral Cut to Sell at Berenberg
* BAM Cut to Hold at Kepler Cheuvreux, PT EU5
* Carrefour Cut to Underperform at Credit Suisse, PT EU15.50
* Clinigen Cut to Add at Peel Hunt
* Enel Cut to Sector Perform at RBC, PT EU5.50
* Orange Cut to Underperform at Exane, PT EU13
* Paddy Power Cut to Equal-weight at Morgan Stanley, PT GBP75
* Red Electrica Cut to Sector Perform at RBC, PT EU19.50
* SSP Cut to Underweight at Morgan Stanley, PT 480p
* Viacom Cut to Market Perform at Wells Fargo, PT $32
>>> Initiation
* Erytech Pharma New Buy at Kempen & Co, PT EU40
* Hollywood Bowl Group New Overweight at JPMorgan, PT 230p
* Maisons du Monde New Buy at Berenberg, PT EU45
* Mithra Pharmaceuticals New Buy at Kempen & Co, PT EU12
>>> Call
>> Sector
* INDUSTRIALS SECTOR CUT TO NEUTRAL VS OVERWEIGHT AT HSBC
* TELECOMS SECTOR RAISED TO OVERWEIGHT VS NEUTRAL AT HSBC