>>> Europe : Brokers Upgrades & DOwngrrades - 21st of October 20

>>> Up
*AB Foods Raised to Hold at Jefferies, PT 2450p
*CRH RAISED TO BUY AT SOCIETE GENERALE
*HEINEKEN RAISED TO OUTPERFORM BERNSTEIN, PT €95
*Informa Raised to Buy at Berenberg, PT 800p
*Premier Oil Raised to Buy at Citi, PT 103p
*Tele2 Raised to Add at AlphaValue, PT SK86.20
*Technip Raised to Buy at UBS, PT EU69
*Valeo Raised to Neutral at Exane BNP Paribas, PT EU54

>>> Down
*BOIRON CUT TO SELL AT SOCGEN
*PUBLICIS CUT TO ADD AT ALPHAVALUE

>>> PT Change
*RANDSTAD PRICE EST. CUT TO EU57 VS EU61 AT ING; MAINTAINS BUY

>>> Initiation
*A3M SM Rated New Outperform at Credit Suisse
*Aker Solutions Rated New Sell at UBS, PT NK33
*Amec Foster Wheeler Rated New Neutral at UBS, PT 640p
*Hunting Rated New Neutral at UBS, PT 535p
*Petrofac Rated New Buy at UBS, PT 1100p
*RTL Rated New Underperform at Credit Suisse, PT EU68
*Tenaris Rated New Sell at UBS, PT $23
*TFI RATED NEW UNDERPERFORM AT CREDIT SUISSE
*Vallourec Rated New Neutral at UBS, PT EU5
*Wood Group Rated New Neutral at UBS, PT 800p

>>> Call