>>> Up
* AO World Raised to Buy at Numis; PT 60 pence
* Great Portland Raised to Buy at Numis; PT 830 pence (+)
* GREENYARD RAISED TO BUY VS HOLD AT BERENBERG, PT EU13.7
* Orkla Raised to Buy at Nordea; PT 93 kroner (+)
* Platzer Raised to Hold at Handelsbanken
* Tenaris Raised to Buy at Jefferies; PT 20 euros
* Tenaris ADRs Raised to Buy at Jefferies; PT $46
* Trainline PT Raised to 532 pence from 424 pence at Peel Hunt
>>> Down
* ADVA Optical Cut to Hold at M.M. Warburg; PT 16.50 euros (+)
* ArcelorMittal Cut to Neutral at Grupo Santander; PT 29.90 euros
* AT&S Cut to Sell at Berenberg on Oversupply, Capex Concerns
* ING Slaski Cut to Hold at Biuro Maklerskie mBanku
* Rio Tinto Cut to Sell at Berenberg; PT 4,200 pence
* Salzgitter Cut to Hold at Jefferies; PT 23 euros
* Segro Cut to Underperform at Exane; PT 800 pence
* UCB Cut to Sell at Citi; PT 74 euros
* Warsaw Stock Exchange Cut to Neutral at Citi (+)
>>> Initiation
* ASR Nederland Rated New Buy at ING; PT 47 euros
* Hannover Re Reinstated Outperform at RBC; PT 170 euros
* Munich Re Reinstated Sector Perform at RBC; PT 245 euros
* Sareum Holdings Rated New Buy at Peel Hunt; PT 304 pence
* Scor Reinstated Outperform at RBC; PT 26 euros
* Swiss Re Reinstated Sector Perform at RBC; PT 80 Swiss francs
>>> Call
* Essentra Delivers ‘Very Robust’ Update, No Surprises: Jefferies (+)
* Tenaris Raised on OCTG Steel Exposure, Salzgitter Cut: Jefferies