>>> Up
* AB InBev Upgraded to Buy at Investec
* Air Liquide Upgraded to Overweight at JPMorgan; PT 115 Euros
* Standard Life Aberdeen Upgraded to Buy at Jefferies
* Technogym Upgraded to Buy at Kepler Cheuvreux; PT 9 Euros
* Thomas Cook Raised to Overweight at Morgan Stanley
* Umicore Upgraded to Overweight at JPMorgan; PT 48 Euros
* United Technologies Upgraded to Buy at Goldman; PT $173
* Yara Upgraded to Outperform at Bernstein
>>> Down
* Aker BP Downgraded to Neutral at Credit Suisse; PT 180 Kroner
* Arkema Downgraded to Neutral at JPMorgan; Price Target 110 Euros
* BASF Downgraded to Neutral at JPMorgan; PT 95 Euros
* Buwog Downgraded to Hold at HSBC; Price Target 34 Euros
* Deutsche Bank Downgraded to Hold at HSBC; PT 16 Euros
* Fidessa Cut to Underperform at Credit Suisse; PT 23.50 Pounds
* Givaudan Downgraded to Underperform at Bernstein
* Hargreaves Lansdown Downgraded to Underperform at Jefferies
* Jupiter Downgraded to Hold at Jefferies
* Ladbrokes Coral Cut to Equal-weight at Morgan Stanley
* LVMH Downgraded to Market Perform at Raymond James
* Paddy Power Cut to Underweight at Morgan Stanley; PT 75 Pounds
* Scandic Cut to Underweight at Morgan Stanley; PT 105 Kronor
* Snap Downgraded to Hold at Jefferies; Price Target $15
* Umicore Downgraded to Market Perform at Bernstein
* Wacker Chemie Downgraded to Neutral at JPMorgan; PT 165 Euros
>>> Initiation
* Bakkavor Group Rated New Hold at Kepler Cheuvreux; PT 2 Pounds
* City Pub Group PLC/The Rated New Buy at Berenberg
* Just Group Rated New Buy at HSBC; PT 1.92 Pounds
>>> Call