>>> Up
* Alstom Upgraded to Buy at Berenberg
* Aperam Reiterates Overweight at JP Morgan; PT 36 Euros
* Bank of Ireland Upgraded to Buy at HSBC; PT 6.50 Euros
* BT Upgraded to Buy at DZ Bank; Price Target 2.80 Pounds
* Daimler Upgraded to Hold at Commerzbank; PT 52 Euros
* Faurecia Upgraded to Hold at HSBC; PT 37 Euros
* OMV Upgraded to Overweight at Barclays; PT 65 Euros
* VIB Vermoegen Upgraded to Buy at Bankhaus Lampe
* Volvo Upgraded to Neutral at Baird; PT 138 Kronor
>>> Down
* Alfa Laval Downgraded to Hold at Kepler Cheuvreux; PT 210 Kronor
* Amplifon Downgraded to Hold at Kepler Cheuvreux; PT 17.70 Euros
* GEA Group Downgraded to Neutral at BofAML
* Infineon Downgraded to Hold at DZ Bank; Price Target 20.80 Euros
* Kion Downgraded to Equal-weight at Morgan Stanley; PT 60 Euros
* Lundin Petroleum Cut to Hold at Kepler Cheuvreux; PT 305 Kronor
* Munich Re Downgraded to Hold at DZ Bank; PT 204 Euros
* Orkla Downgraded to Neutral at Goldman; PT 71 Kroner
* Publicis Downgraded to Neutral at JPMorgan; PT 56 Euros
* Repsol Cut to Equal-weight at Barclays; Price Target 19 Euros
* Wallenstam Downgraded to Reduce at Handelsbanken; PT 90 Kronor
>>> Initiation
* EssilorLuxottica Rated New Hold at Jefferies; PT 105 Euros
* Haulotte Rated New Outperform at MainFirst; PT 13 Euros
* Henkel Reinstated at Liberum With Buy; PT 98 Euros
* Manitou BF Rated New Neutral at MainFirst; PT 26 Euros
* William Hill Resumed at Citi With Buy; PT 3.10 Pounds
>>> Call
* EssilorLuxottica Has Synergies, But Leadership Issues: Jefferies