>>> Up
* AMS Upgraded to Buy at Liberum
* EAB Group Upgraded to Reduce at Inderes; PT 2.50 Euros
* Hydro Raised to Buy; Alunorte Could Provide Catalyst, Citi Says
* Kapsch TrafficCom Upgraded to Buy at Erste Group; PT 38 Euros
* Norsk Hydro Upgraded to Buy at Citi
* Surgutneftgas GDRs Upgraded to Hold at VTB Capital; PT $4.20
>>> Down
* Aena Downgraded to Underperform at RBC; PT 145 Euros
* Akzo Nobel Downgraded to Hold at ABN Amro Bank
* Aston Martin Downgraded to Hold at Deutsche Bank
* Compass Cut to Underperform at Bernstein; PT Set to 15 Pounds
* Continental Downgraded to Hold at Kepler Cheuvreux; PT 160 Euros
* Fraport Downgraded to Underperform at RBC; PT 65 Euros
* Green REIT Downgraded to Hold at Goodbody
* ICADE Cut to Hold at Kepler Cheuvreux; Price Target 80 Euros
* Moneysupermarket Downgraded to Sell at Berenberg
* Schibsted Downgraded to Hold at Kepler Cheuvreux; PT 352 Kroner
* SDL Downgraded to Neutral at Citi
* United Internet Downgraded to Sell at Redburn
>>> Initiate
* B&M European Rated New Outperform at Macquarie; PT 4.45 Pounds
* Nordic Semiconductor Rated New Buy at Danske Bank Markets
* Outotec Reinstated at SEB Equities With Hold; PT 4.50 Euros
* Poste Italiane Rated New Buy at Deutsche Bank
>>> Call
* Moneysupermarket Overvalued, Berenberg Gives Stock Only Sell