>>> Up
* AMS Upgraded to Overweight at JPMorgan; PT 135 Francs
* Antofagasta Upgraded to Hold at Berenberg
* BME Upgraded to Neutral at BPI; PT 29.05 Euros
* Charter Court Financial Services Group Raised to Buy at Investec
* Gas Natural Upgraded to Neutral at JB Capital Markets
* KAZ Minerals Upgraded to Overweight at Barclays; PT 10.15 Pounds
* Laird Upgraded to Buy at Stifel; PT 1.35 Pounds
* Liberbank Upgraded to Buy at SocGen; PT 54 Cents
* Lundbeck Upgraded to Buy at SEB Equities; PT 340 Kroner
* Lundbeck Upgraded to Buy at DNB Markets; Price Target 330 Kroner
* Molson Coors Upgraded to Hold at Berenberg
* Randgold Upgraded to Buy at HSBC; PT 77 Pounds
* Saras Upgraded to Outperform at MedioBanca; PT 2.10 Euros
* Storebrand Upgraded to Neutral at SpareBank; PT 73 Kroner
* Vestas Upgraded to Buy at DNB Markets; PT 490 Kroner
* Vopak Upgraded to Neutral at Goldman; PT 34 Euros
>>> Down
* ABN Amro GDRs Cut to Equal-weight at Morgan Stanley
* Beneteau Downgraded to Hold at SocGen; PT 21.30 Euros
* Engie Downgraded to Sector Perform at RBC
* Evry Downgraded to Neutral at Goldman; PT 32 Kroner
* H&M Downgraded to Reduce at AlphaValue
* Hellenic Telecom Downgraded to Neutral at Goldman
* OHB Downgraded to Sell at GSC Research; PT 32.50 Euros
* Salvatore Ferragamo Downgraded to Reduce at Kepler Cheuvreux
* Sanofi Downgraded to Hold at New Street Research
* TLG Immobilien Downgraded to Hold at HSBC; PT 22.50 Euros
>>> Initiation
* Delivery Hero Rated New Outperform at Macquarie; PT 45.69 Euros
* Freenet Rated New Sell at Goldman; PT 23 Euros
* Takeaway Rated New Outperform at Macquarie; PT 55.39 Euros
* Valora Rated New Buy at Research Partners; PT 400 Francs
>>> Call