>>> Up
* BNP Paribas Upgraded to Hold at Berenberg {NSN PEME9WSYF01S <GO>}
* Enel Upgraded to Buy at Goldman
* Ericsson ADRs Upgraded to Overweight at JPMorgan
* KAZ Minerals Upgraded to Equal-weight at Morgan Stanley
* Lanxess Upgraded to Buy at Bankhaus Lampe
* Sixt Leasing Raised to Buy at Commerzbank; Price Target 20 Euros
* Uniper Upgraded to Hold at SocGen; PT 26.20 Euros
* Vinci Upgraded to Overweight at Morgan Stanley; PT 109 Euros
* Vodafone Upgraded to Buy at Citi; PT Set to 1.90 Pounds
>>> Down
* Aena Downgraded to Underweight at Morgan Stanley; PT 166 Euros
* Alfa Financial Downgraded to Sell at Berenberg
* Bodycote Downgraded to Hold at Liberum
* Bourbon Downgraded to Reduce at Gilbert Dupont
* Golden Ocean Downgraded to Neutral at Drewry
* IMI Downgraded to Sell at Liberum
* Kesko Downgraded to Hold at Kepler Cheuvreux; PT 48 Euros
* Sandvik Downgraded to Sell at Liberum
* Schneider Downgraded to Sell at Liberum
* Scor Downgraded to Hold at SocGen; Price Target 37.50 Euros
* SKF Downgraded to Sell at Liberum
* Vapiano Downgraded to Hold at Kepler Cheuvreux; PT 16 Euros
* Vapiano Downgraded to Hold at Jefferies
>>> Initiation
* Aeroports de Paris Reinstated Equal-weight at Morgan Stanley
* ADO Properties Rated New Buy at Hauck & Aufhaeuser
* Atlantia Reinstated Equal-weight at Morgan Stanley; PT 22 Euros
* Alstria Office Rated New Buy at Hauck & Aufhaeuser
* Aroundtown Rated New Buy at Hauck & Aufhaeuser; PT 8.85 Euros
* Deutsche Wohnen Rated New Hold at Hauck & Aufhaeuser
* Eiffage Rated New Overweight at Morgan Stanley; PT 124 Euros
* Fraport Reinstated Equal-weight at Morgan Stanley; PT 92 Euros
* Getlink Assumed Equal-weight at Morgan Stanley; PT 12.60 Euros
* Grand City Properties Rated New Hold at Hauck & Aufhaeuser
* LEG Immobilien Rated New Buy at Hauck & Aufhaeuser
* Nordex Rated New Hold at Santander; PT 9.50 Euros
* Smiths Rated New Hold at Liberum; PT 17 Pounds
* TAG Immobilien Rated New Buy at Hauck & Aufhaeuser; PT 23 Euros
* Vestas Rated New Buy at Santander; PT 521.81 Kroner
* Vonovia Rated New Buy at Hauck & Aufhaeuser; PT 52.60 Euros
* Zurich Airport Reinstated Underweight at Morgan Stanley
>>> Call