>>> Up
* ADO Properties Upgraded to Buy at Jefferies; PT 46 Euros
* Celyad Upgraded to Buy at Kepler Cheuvreux; PT 19.30 Euros
* Computacenter Raised to Equal-weight at Barclays
* Deutsche Wohnen Upgraded to Buy at Jefferies; PT 39 Euros
* Dios Upgraded to Hold at Handelsbanken; PT 77 Kronor
* LafargeHolcim Upgraded to Equal-weight at Barclays; PT 50 Francs
* Orsted Upgraded to Buy at Goldman; PT 700 Kroner
* Pirelli Upgraded to Overweight at JPMorgan; PT 8 Euros
* Red Electrica Upgraded to Outperform at RBC
* Telefonica Deutschland Upgraded to Hold at Bankhaus Lampe
>>> Down
* 3i Infra Downgraded to Underperform at Jefferies
* Akzo Nobel Downgraded to Sell at Citi; PT Set to 70 Euros
* CRH Cut to Equal-weight at Barclays; Price Target 33 Euros
* Hapag-Lloyd Downgraded to Sell at Goldman; PT 30 Euros
* HeidelbergCement Cut to Equal-weight at Barclays; PT 77 Euros
* Inchcape Downgraded to Neutral at JPMorgan; PT 6.27 Pounds
* Maersk Downgraded to Neutral at Goldman; PT 9,000 Kroner
* Munich Re Downgraded to Hold at SocGen; PT 225 Euros
* Nostrum Oil & Gas Downgraded to Hold at VTB Capital; PT 50 Pence
* Schroders Cut to Equal-weight at Barclays; PT 31.55 Pounds
* Severn Trent Downgraded to Underweight at JPMorgan; PT 20 Pounds
* Tele2 Downgraded to Neutral at Citi
>>> Initiation
* Celyad Rated New Outperform at Wells Fargo; PT 44 Euros
* Diploma Rated New Neutral at Citi; PT 15 Pounds
* Millicom GDRs Reinstated at JPMorgan With Neutral; PT 600 Kronor
* Safran Downgraded to Neutral at Goldman; PT 143 Euros
* Traton Rated New Hold at Jefferies; PT 27 Euros
>>> Call
* ADO Properties, Deutsche Wohnen Have Freeze Priced in: Jefferies
* Akzo Nobel Cut to Sell, Must Consider Disposals to Refocus: Citi
* *U.K. EQUITIES RAISED TO OVERWEIGHT AT CITI
* Tele2 Cut, But There’s Hidden Value in Europe Telecoms: Citi
* Telefonica Deutschland PT to Street-Low, But Up to Hold at Lampe