>>> Up
* Carlsberg Upgraded to Hold at Kepler Cheuvreux; PT 1,000 Kroner
* DFDS Upgraded to Buy at SEB Equities; Price Target 315 Kroner
* Glanbia Upgraded to Overweight at Morgan Stanley
* MorphoSys Upgraded to Outperform at RBC; PT 130 Euros
* Saipem Upgraded to Buy at AlphaValue
* Saipem Upgraded to Buy at Jefferies; PT 5 Euros
* STMicroelectronics Upgraded to Buy at Goldman; PT 17.50 Euros
* STMicroelectronics ADRs Upgraded to Buy at Goldman; PT $19.20
>>> Down
* Hapag-Lloyd Downgraded to Reduce at HSBC; PT 25.20 Euros
* Hapag-Lloyd Downgraded to Underperform at MainFirst; PT 40 Euros
* Italgas Downgraded to Sell at Goldman; PT 5.25 Euros
* RWE Downgraded to Hold at Commerzbank; Price Target 25 Euros
* Shell Downgraded to Add at AlphaValue
* SGL Downgraded to Hold at Berenberg
* STS Group Cut to Reduce at Kepler Cheuvreux; PT Set to 5 Euros
* Telefonica Downgraded to Neutral at UBS
* Terna Downgraded to Sell at Goldman; PT 5.25 Euros
* Tikkurila Downgraded to Hold at SEB Equities; PT 14 Euros
* Voestalpine Downgraded to Neutral at JPMorgan; PT 21 Euros
* Voestalpine Downgraded to Reduce at AlphaValue
* XXL Downgraded to Sell at SpareBank; PT 22 Kroner
>>> Initiation
* Deutsche Post Rated New Underweight at JPMorgan; PT 25.36 Euros
* Paradox Interactive Rated New Buy at Jefferies; PT 177 Kronor
>>> Call
* Commerzbank Cut to Neutral at Citi on Need to Lower Costs
* Jungheinrich Gets PT Cut at Citi on U.S.-China Trade War, Brexit
* MorphoSys Double Upgraded on Tafa Competition, Duration: RBC