>>> Up
* AB Foods Raised to Buy at Goldman; PT 2,750 pence
* Befesa Raised to Buy at Goldman; PT 42 euros
* Marks & Spencer Raised to Hold at SocGen; PT 189 pence
* Nevro Raised to Outperform at Oppenheimer; PT $106
>>> Down
* 2020 Bulkers Cut to Hold at Cleaves Securities; PT 86 kroner
* Bravida Cut to Hold at Handelsbanken; PT 88 kronor
* CGG Cut to Equal-Weight at Barclays; PT 3 euros
* Iberdrola Cut to Hold at HSBC; PT 9.50 euros
* ISS Cut to Hold at SEB Equities; PT 155 kroner
* Lenzing Cut to Sell at Berenberg
* Netcompany Cut to Hold at SEB Equities; PT 300 kroner
* Net Gaming Europe Cut to Hold at ABG; PT 3.80 kronor
* Rush Factory Cut to Reduce at Inderes; PT 3.40 euros
* SSE Cut to Hold at Berenberg
* Tenaris Cut to Equal-Weight at Morgan Stanley; PT 12 euros
* Tenaris ADRs Cut to Equal-Weight at Morgan Stanley; PT $26
* Valeo Cut to Underperform at Jefferies; PT 29 euros
>>> Initiation
* Amplifon Rated New Buy at HSBC; PT 27 euros
* Demant Reinstated Hold at HSBC; PT 186 kroner
* GN Reinstated Buy at HSBC; PT 361 kroner
* Hugo Boss Rated New Buy at Jefferies; PT 53 euros
* Securitas Reinstated Buy at SEB Equities; PT 180 kronor
* Sonova Reinstated Buy at HSBC; PT 267 Swiss francs
>>> Call
* Valeo Downgraded as Focus for Auto Suppliers Shifts: Jefferies