>>> Up
* Admiral Raised to Neutral at JPMorgan; PT 2,125 pence
* BBVA Raised to Overweight at JPMorgan; PT 5.45 euros
* BNP Paribas Raised to Overweight at JPMorgan; PT 53 euros
* Chr. Hansen Raised to Buy at Handelsbanken; PT 575 kroner
* Deutsche Boerse Raised to Hold at Berenberg; PT 155 euros
* Direct Line Raised to Overweight at JPMorgan; PT 350 pence
* dormakaba Raised to Hold at SocGen; PT 565 Swiss francs
* Geox Raised to Hold at Kepler Cheuvreux; PT 75 euro cents
* Henkel Raised to Outperform at RBC; PT 94 euros
* Hill & Smith Raised to Buy at Berenberg; PT 1,610 pence
* Italgas Raised to Buy at MainFirst; PT 6.40 euros
* Kion Raised to Buy at Deutsche Bank; PT 54 euros
* Kion Raised to Buy at HSBC; PT 64 euros
* Ryanair Raised to Buy at MainFirst; PT 14.50 euros
>>> Down
* AB InBev Cut to Neutral at Credit Suisse; PT 58 euros
* Anglo American Cut to Outperform at RBC; PT 2,300 pence
* Atlantia Cut to Neutral at Citi; PT 21 euros
* Borr Drilling Cut to Hold at Kepler Cheuvreux; PT 15 kroner
* Catena Raised to Buy at Kempen & Co; PT 390 kronor
* Cofinimmo Cut to Neutral at Kempen & Co; PT 156 euros
* Continental AG PT Cut to 90 euros at Deutsche Bank
* Eni Cut to Market Perform at Bernstein; PT 11 euros
* Eni ADRs Cut to Market Perform at Bernstein; PT $25
* Equinor ADRs Cut to Market Perform at Bernstein; PT $17
* Equinor Cut to Market Perform at Bernstein; PT 150 kroner
* Repsol Cut to Market Perform at Bernstein; PT 11 euros
* Schouw Raised to Buy at SEB Equities; PT 600 kroner
* Shell Cut to Market Perform at Bernstein; PT 1,700 pence
* Shell ADRs Cut to Market Perform at Bernstein; PT $44
* Standard Chartered Cut to Reduce at AlphaValue
* Total Cut to Market Perform at Bernstein; PT 36 euros
* Total ADRs Cut to Market Perform at Bernstein; PT $40
* Wereldhave Cut to Hold at ABN Amro Bank
>>> Initiation
* AFC Ajax Rated New Buy at Berenberg; PT 32 euros
* Borussia Dortmund Rated New Buy at Berenberg; PT 12 euros
* Juventus Rated New Hold at Berenberg; PT 80 euro cents
* OL Groupe Rated New Buy at Berenberg; PT 3.85 euros
* Zalaris Rated New Buy at SpareBank; PT 50 kroner
>>> Call
* Berenberg’s Soccer-Stock Picks Are Those With Strong Academies
* Deutsche Boerse ‘Relatively Sheltered’ From Virus: Berenberg
* *EUROPEAN SOFTWARE SECTOR RAISED TO OVERWEIGHT AT MORGAN STANLEY
* *EUROPEAN AUTOS SECTOR CUT TO NEUTRAL AT MORGAN STANLEY
* H&M Estimates Cut on Coronavirus Impact at Citi
* Henkel’s Growth Agenda Welcomed, Upgraded to Outperform: RBC
* Hill & Smith Among Berenberg’s Buy Ideas in U.K. Capital Goods
* Pictet Wealth Cuts Equities and Europe High Yield to Underweight
* Oil Stocks to Face Substantial Earnings Downgrades: Berenberg