>>> Up
* BAE Raised to Overweight at JPMorgan
* Clariant Raised to Buy at Bank Vontobel (+)
* Coface Raised to Overweight at JPMorgan; PT 12.70 euros
* Engie Raised to Buy at HSBC; PT 17.40 euros
* GBK Beteiligungen Raised to Buy at M.M. Warburg (+)
* 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
* Atea Cut to Hold at Arctic Securities; PT 132 kroner (+)
* BHP Group PLC Cut to Hold at Investec; PT 1,879.85 pence
* Delivery Hero Cut to Reduce at Commerzbank; PT 62 euros
* Koenig & Bauer PT Cut at Warburg Citing Dec. Profit Warning (1) (+)
* 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
* Nokia Raised to Buy at New Street Research (+)
* Nordea Cut to Sell at SocGen
* Renew Cut to Sell at Liberum; PT 460 pence (+)
* Rentokil Cut to Neutral at Credit Suisse; PT 450 pence (+)
* Safestore Cut to Hold at Liberum; PT 820 pence
* Standard Life Aberdeen Cut to Neutral at JPMorgan; PT 350 pence
>>> Initation
>>> Call
* BAE Upgraded at JPMorgan, PT Raised at Citi on Lower U.K. Risk (+)
* Covestro EPS Outlook Cut on Polycarbonate Prices: Citi (+)
* Delivery Hero Rally Leaves No Room for Setbacks: Commerzbank (+)
* M&S Double Upgraded at Berenberg on Clothing & Home Improvement
* Safestore FY Robust, Entry to Spain Positive, Citi Says (+)
* SSE Cut to Neutral From Buy At Goldman, Could Be An M&A Target