>>> Up
*Arcadis Raised to Buy at Kepler Cheuvreux, PT EU17
*Amec Raised to Outperform at Macquarie, PT 725p
*Autoliv Raised to Overweight at Morgan Stanley, PT $120
*EasyJet Raised to Add at AlphaValue
*Highland Gold Raised to Buy at VTB Capital, PT 200p
*Kone Raised to Equal-weight at Barclays
*National Express Raised to Overweight at JPMorgan, PT 404p
*Natixis Raised to Reduce at AlphaValue
*Scor Raised to Overweight at JPMorgan, PT EU39
*Sevan Marine Raised to Hold at DNB Markets, PT NOK14
*Swedbank Raised to Neutral at MedioBanca, PT SEK246
*Vilmorin Raised to Buy at Natixis
*Wood Group Raised to Outperform at Macquarie, PT 965p
>>> Down
*Adecco Cut to Underperform at Credit Suisse
*Danone Cut to Reduce at Oddo & Cie, PT EU60
*Deutsche Telekom Cut to Hold at Kepler Cheuvreux, PT EU19
*Go-Ahead Cut to Neutral at JPMorgan, PT 1,852p
*Hella Cut to Equal-weight at Morgan Stanley, PT EU41
*Homeserve Cut to Neutral at Citi, PT 795p
*Homeserve Cut to Sector Perform at RBC, PT 750p
*Liberty Global Cut to Neutral at Credit Suisse
*Randstad Cut to Underperform at Credit Suisse
*Shaftesbury Cut to Hold at Liberum
*TalkTalk Cut to Sell at Goldman, PT 150p
*Telekom Austria Cut to Reduce at Kepler Cheuvreux, PT EU6
*TFI IM Cut to Underperform at MedioBanca
*UCB Cut to Hold at HSBC, PT EU64
*UCB Cut to Add at AlphaValue
*UDG Cut to Hold at Jefferies, PT 785p
*Wheeler Real Estate Cut to Market Perform at JMP
>>> Initiation
*AMS New Equal-weight at Morgan Stanley, PT CHF60
*Bertrandt Resumed Sell at Bankhaus Lampe, PT EU74
*Cosmo New Outperform at Credit Suisse, PT CHF200
*Lysogene New Buy at SocGen, PT EU7