>>> Up
* Demire Real Estate Raised to Buy at Pareto Securities
* Polymetal Raised to Buy at Renaissance Capital; PT 13.10 Pounds
* Red Electrica Upgraded to Hold at Deutsche Bank
* REN Upgraded to Sector Perform at RBC; PT 2.60 Euros
* Rio Tinto Upgraded to Buy at Renaissance Capital; PT 46 Pounds
* St James's Place Raised to Buy at Deutsche Bank; PT 11.90 Pounds
* SSP Upgraded to Buy at HSBC; PT 7.50 Pounds
* Thales Upgraded to Buy at SocGen; PT 120 Euros
* Valeo Upgraded to Overweight at Barclays; PT 35 Euros
>>> Down
* Continental AG Cut to Underweight at Barclays; PT 115 Euros
* CRH Downgraded to Neutral at Oddo BHF; PT 31 Euros
* HeidelbergCement Downgraded to Neutral at Oddo BHF; PT 65 Euros
* Michelin Downgraded to Equal-weight at Barclays; PT 115 Euros
* President Downgraded to Hold at Panmure Gordon; PT 4 Pence
* Qiagen Downgraded to Underweight at JPMorgan; PT $25
* SCA Downgraded to Hold at Pareto Securities; PT 91 Kronor
* Uniper Downgraded to Hold at Deutsche Bank
* Vicat Downgraded to Neutral at Oddo BHF; PT 44 Euros
>>> Initiation
* Adevinta Rated New Sell at Berenberg; PT 95 Kroner
* DiscoverIE Rated New Buy at Jefferies; PT 5 Pounds
* EON Rated New Hold at Deutsche Bank; PT 9.20 Euros
* Geberit Rated New Reduce at Oddo BHF; PT 431 Francs
* Gestamp Rated New Underweight at Barclays; PT 3.50 Euros
* Mapfre Rated New Equal-weight at Morgan Stanley; PT 2.50 Euros
* Marzocchi Pompe Rated New Outperform at EnVent S.p.A.
* Orell Fuessli Rated New Buy at Research Partners; PT 135 Francs
* Thule Rated New Hold at Handelsbanken; PT 195 Kronor
>>> Call
* Adevinta Consensus Is Too Optimistic, New Sell at Berenberg
* EON’s Earnings Accretion Potential Not Fully Appreciated: RBC
* Gecina’s French Office Tailwinds to Continue: Morgan Stanley
* Kuehne + Nagel Favored Over DSV on Relative Valuation: JPMorgan