>>> Up
* Adecco Upgraded to Neutral at MainFirst; Price Target 48 Francs
* Arkema Upgraded to Neutral at Credit Suisse; PT 101 Euros
* Bakkafrost Upgraded to Buy at Kepler Cheuvreux; PT 515 Kroner
* Balder Upgraded to Hold at DNB Markets; PT 240 Kronor (yest)
* Covivio Upgraded to Neutral at JPMorgan; PT 100 Euros
* Electrolux Upgraded to Buy at Kepler Cheuvreux; PT 235 Kronor
* EVS Broadcast Upgraded to Buy at ING; PT 28 Euros
* Falck Renewables Raised to Buy at Kepler Cheuvreux
* Imerys Upgraded to Buy at HSBC; PT 65 Euros
* Italgas Upgraded to Outperform at Intermonte; PT 5.30 Euros (yest)
* RBS Upgraded to Outperform at Macquarie
>>> Down
* British Land Cut to Equal-weight at Barclays; PT 5.80 Pounds
* Dufry Downgraded to Hold at Baader Helvea; PT 116 Francs
* ElringKlinger Downgraded to Reduce at AlphaValue
* Gaming Innovation Group Cut to Hold at SEB Equities; PT 3 Kroner
* Hammerson Downgraded to Underweight at Barclays; PT 4.10 Pounds
* Latour Cut to Hold at DNB Markets; Price Target 115 Kronor
* NewRiver Downgraded to Equal-weight at Barclays; PT 2.60 Pounds
* NWF Group Upgraded to Buy at Peel Hunt
* Suess MicroTec Downgraded to Hold at DZ Bank; PT 10.60 Euros
>>> Initiation
* Codemasters Group Holdings Rated New Buy at Jefferies
* Team17 Group Rated New Hold at Jefferies; PT 2.19 Pounds
* Terna Rated New Buy at Santander; PT 5.10 Euros
* Snam Rated New Hold at Santander; PT 4 Euros
* Sumo Group Rated New Underperform at Jefferies; PT 1.22 Pounds
* UDG Rated New Outperform at RBC; PT 8 Pounds
>>> Call