>>> Up
* Aveva Upgraded to Overweight at Barclays; PT 29 Pounds
* Brown-Forman Upgraded to Hold at SocGen; PT $65
* Cofinimmo Raised to Add at Bank Degroof Petercam
* Esure Upgraded to Add at Peel Hunt
* Intu Upgraded to Neutral at Exane; PT 2.90 Pounds
* Intu Upgraded to Outperform at Credit Suisse; PT 2.70 Pounds
* Stagecoach Upgraded to Neutral at JPMorgan; PT 1.74 Pounds
* Wolters Kluwer Upgraded to Neutral at JPMorgan; PT 45.20 Euros
>>> Down
* Atresmedia Downgraded to Neutral at JPMorgan; PT 10.74 Euros
* Italgas Cut to Hold at Kepler Cheuvreux; Price Target 5.30 Euros
* TGS Downgraded to Sell at DNB Markets; PT 155 Kroner
* Volvo Downgraded to Sell at DNB Markets; PT 147 Kronor
>>> Initiation
* Akastor Rated New Buy at Kepler Cheuvreux; PT 22 Kroner
* Beni Stabili SpA SIIQ Rated New Hold at ING
* COIMA RES Rated New Buy at ING
* Fonciere des Regions Rated New Hold at ING
* Gecina Rated New Buy at ING
* Orsted Rated New Buy at Goldman; PT 400 Kroner
* Veolia Rated New Overweight at JPMorgan; PT 22.50 Euros
* Suez Rated New Underweight at JPMorgan; PT 14.50 Euros