>>> Up
* Bankia Upgraded to Hold at Jefferies; Price Target 2.60 Euros
* Capital & Counties Upgraded to Add at Peel Hunt
* Electrocomponents Upgraded to Buy at Jefferies; PT 7 Pounds
* Keywords Studios Upgraded to Outperform at Davy
* Nokia ADRs Raised to Outperform at Raymond James; PT $7.50
* Outotec Upgraded to Buy at Goldman; PT 4.30 Euros
* Prysmian Upgraded to Buy at Goldman; PT 21 Euros
* SMCP Upgraded to Buy at Jefferies; Price Target 17.20 Euros
* Storebrand Upgraded to Overweight at JPMorgan; PT 72.30 Kroner
* Swiss Life Upgraded to Overweight at JPMorgan; PT 440 Francs
>>> Down
* Celanese Downgraded to Market Perform at BMO; PT $107
* Geberit Downgraded to Sell at Goldman; PT 339 Francs
* Grenke Downgraded to Hold at Berenberg
* Kion Downgraded to Sell at Goldman; PT 42 Euros
* Kone Downgraded to Neutral at Goldman; PT 51 Euros
* Mapfre Downgraded to Neutral at JPMorgan; PT 2.62 Euros
* Ryanair Downgraded to Sell at Berenberg
* Schneider Downgraded to Sell at Goldman; PT 60 Euros
* Telia Downgraded to Neutral at JPMorgan; PT 44 Kronor
* Unipol Downgraded to Neutral at JPMorgan; PT 4.10 Euros
* Vodafone Downgraded to Underperform at RBC; PT 1.25 Pounds
>>> Initiation
* Kone Rated New Buy at SocGen; PT 50 Euros
* Schindler Rated New Buy at SocGen; PT 235 Francs
* SSE Reinstated at Goldman With Buy
>>> Call