>>> Up
* Adidas Raised to Buy at HSBC; PT 280 euros
* Amundi Raised to Equal-Weight at Barclays; PT 65 euros
* Capital & Counties Raised to Buy at HSBC; PT 211 pence (+)
* Credit Suisse Raised to Overweight at Morgan Stanley
* Digital Bros Raised to Buy at Banca Akros (ESN); PT 16.50 euros (+)
* GN Store Nord Raised to Buy at Jefferies; PT 375 kroner
* Hella Raised to Buy at MainFirst; PT 38 euros
* Jupiter Raised to Equal-Weight at Barclays; PT 200 pence
* LafargeHolcim Raised to Buy at MainFirst; PT 43.50 Swiss francs (+)
* MorphoSys Raised to Buy at LBBW; PT 110 euros
* Puma Raised to Buy at HSBC; PT 67 euros
* Securitas Raised to Hold at HSBC; PT 115 kronor
* Shaftesbury Raised to Hold at HSBC; PT 525 pence (+)
* William Hill Raised to Outperform at RBC; PT 135 pence (+)
>>> Down
* ASMI Cut to Neutral at Exane; PT 100 euros
* Assura Cut to Hold at Berenberg; PT 75 pence
* Carmila Cut to Hold at HSBC; PT 11.20 euros (+)
* Deutsche Wohnen Cut to Reduce at HSBC; PT 30 euros
* FACC Cut to Reduce at Baader Helvea; PT 7 euros
* Generali Cut to Add at AlphaValue
* Hammerson Cut to Hold at HSBC; PT 83 pence (+)
* Ibersol Cut to Neutral at JB Capital Markets; PT 7 euros
* Jumbo Cut to Hold at HSBC; PT 17 euros
* Leoni Cut to Sell at MainFirst; PT 1.20 euros
* Linde Cut to Neutral at JPMorgan; PT $187
* Next Cut to Reduce at AlphaValue
* Norsk Hydro Cut to Underweight at Morgan Stanley; PT 20 kroner
* Opap Cut to Hold at HSBC; PT 8 euros
* Pihlajalinna Cut to Accumulate at Inderes; PT 16 euros (+)
* Rational Cut to Hold at Hauck & Aufhaeuser; PT 514 euros (+)
* Saipem PT Cut to 4.50 euros at Banca Akros (+)
* Shell Cut to Hold at ABN Amro Bank; PT 1,492.05 pence
* Sonova Cut to Hold at Jefferies; PT 175 Swiss francs
* Stroeer Cut to Hold at Commerzbank; PT 60 euros (+)
* Tarkett Cut to Hold at MainFirst; PT 10.30 euros
* UBS Cut to Equal-Weight at Morgan Stanley; PT 10 Swiss francs
* Unibail Cut to Hold at HSBC; PT 65 euros (+)
* Vonovia Cut to Hold at HSBC; PT 48 euros
>>> Initiation
* Sunrise Resumed Equal-Weight at Morgan Stanley
>>> Call
* Barclays Sees Risks to the Upside for European Asset Managers (+)
* Airbus Uncertainty Remains Despite Early, ‘Hard’ Cuts: Citi (+)
* European Cyclical Stocks to Help Hedge Oil Risk: Morgan Stanley (+)
* Restaurant Group Should Survive Pandemic Turmoil, Analysts Say (+)
* SAP Update May be ‘No Worse Than Feared,’ Citi Says (+)
* Sodexo 1H Profit Is In Line, Free Cash Flow Very Weak, RBC Says (+)
* Wholesale Banks With Corporate Skew Seen to Underperform: MS
* Gambling Stocks Recovery Will Be Fast, William Hill Raised: RBC