>>> Up
* BAE Raised to Overweight at JPMorgan
* Coface Raised to Overweight at JPMorgan; PT 12.70 euros
* Engie Raised to Buy at HSBC; PT 17.40 euros
* Marks & Spencer Raised to Buy at Berenberg
* Quilter Raised to Overweight at JPMorgan
* RSA Raised to Overweight at JPMorgan; PT 630 pence
* Unipol Raised to Overweight at JPMorgan; PT 6.35 euros
>>> Down
* Ageas Cut to Neutral at JPMorgan; PT 55.66 euros
* Anglo American Cut to Hold at Investec; PT 2,134 pence
* BHP Group PLC Cut to Hold at Investec; PT 1,879.85 pence
* Delivery Hero Cut to Reduce at Commerzbank; PT 62 euros
* Lekoil Cut to Hold at Renaissance Capital; PT 11 pence
* Moncler Cut to Hold at HSBC; PT 42 euros
* Next Cut to Hold at HSBC; PT 7,050 pence
* Nordea Cut to Sell at SocGen
* Standard Life Aberdeen Cut to Neutral at JPMorgan; PT 350 pence
>>> Initation
>>> Call
* M&S Double Upgraded at Berenberg on Clothing & Home Improvement