>>> Up
* Air Liquide Raised to Buy at Goldman, PT EU120
* Ageas Raised to Reduce at AlphaValue
* Anglo American Raised to Buy at HSBC, PT GBP16.30
* Imerys Raised to Buy at Bryan Garnier
* Natixis Raised to Outperform at Credit Suisse, PT EU7.40
* Remy Cointreau Raised to Buy at Natixis
* Straumann Raised to Neutral at Citi
>>> Down
* Air Liquide Cut to Add at AlphaValue
* Aryzta Cut to Hold at Goodbody Stockbrokers, PT EU27
* BAE Cut to Hold at Berenberg
* BIC Cut to Neutral at MainFirst, PT EU88
* Ericsson Cut to Underperform at Credit Suisse, PT SEK38
* Iberdrola Cut to Neutral at JPMorgan, PT EU7
* Salvatore Ferragamo Cut to Neutral at Exane, PT EU24
* Nordax Cut to Hold at SEB Equities
* Red Electrica Cut to Neutral at JPMorgan, PT EU19.20
* SocGen Cut to Underperform at Credit Suisse, PT EU48
* ThyssenKrupp Cut at Barclays; Market May Be Too Optimistic
* Tod's Cut to Reduce at Kepler Cheuvreux, PT EU54
* Tryg Cut to Reduce at HSBC, PT DKK127
>>> Initiation
* GN Reinstated Buy at Deutsche Bank, PT DKK250
* Morrison New Sell at Berenberg, PT 200p
* Ocado New Hold at Berenberg, PT 286p
* Sainsbury New Buy at Berenberg, PT 300p
* Salmar New Buy at Berenberg, PT NOK264
* Sonova Reinstated Buy at Deutsche Bank, PT CHF205
* Tesco New Hold at Berenberg, PT 180p
>>> Call