>>> Up
* Arjo Upgraded to Buy at Carnegie; PT 33 Kronor
* Medicover Upgraded to Buy at Carnegie; PT 85 Kronor
* Metso Raised to Buy; Citi Sees 1Q Profitability as New Base Line
* Skandiabanken Upgraded to Buy at Beringer Finance; PT 89 Kroner
>>> Down
* Air France-KLM Downgraded to Reduce at Oddo BHF; PT 7.20 Euros
* Aker BP Downgraded to Hold at Jefferies
* ALK-Abello Downgraded to Hold at Danske Bank; PT 935 Kroner
* BNP Paribas Downgraded to Hold at Santander; PT 71.08 Euros
* Cancom Cut to Sell at Baader-Helvea; Price Target 79 Euros
* Edgeware Downgraded to Hold at Carnegie; PT 15 Kronor
* Kosmos Energy Downgraded to Hold at Jefferies
* Prima Industrie Downgraded to Neutral at MedioBanca
* Wacker Chemie Cut to Neutral at JPMorgan; Price Target 152 Euros
>>> Initiation
* BioPharma Credit Rated New Overweight at JPMorgan
* Bygghemma Group First Rated New Buy at Berenberg; PT 53 Kronor