>>> Up
* Drillisch Raised to Buy at Commerzbank, PT EU66
* Europac Raised to Buy at Fidentiis Equities, PT EU8.75
* Santander Raised to Overweight at Morgan Stanley
>>> Down
* Aeroports de Paris Cut to Underweight at Santander, PT EU133.50
* Axa Cut to Neutral at Citi
* BBVA Cut to Equal-weight at Morgan Stanley, PT EU8.30
* Glaxo Cut to Underweight at Morgan Stanley, PT GBP16
* Go-Ahead Cut to Underweight at JPMorgan, PT GBP13.55
* Grupo Financiero Galicia Cut to Underperform at Santander
* Lundin Mining Cut to Hold at Berenberg
* Outotec Cut to Hold at Kepler Cheuvreux, PT EU6.10
* Peugeot Cut to Underperform at Exane, PT EU16.50
* Vinci Cut to Equal-weight at Barclays
* Zurich Airport Cut to Hold at Santander, PT CHF248
>>> Initiation
* DSV New Overweight at JPMorgan, PT DKK510
* Enav New Buy at Insight Investment Research, PT EU5.30
* Engie New Hold at SocGen, PT EU15.30
* Leoni New Sell at UBS, PT EU39
>>> Call