>>> Up
* Adecco Raised to Reduce at AlphaValue
* Carrefour Raised to Overweight at JPMorgan; PT 17 euros
* Fevertree Drinks Raised to Outperform at RBC; PT 2,500 pence
* Grafton Raised to Add at Peel Hunt
* Hilton Worldwide Raised to Overweight at Barclays; PT $90
* Hunting Raised to Buy at Goldman; PT 340 pence
* Marriott Intl Raised to Overweight at Barclays; PT $105
* Partners Group Raised to Buy at Goldman; PT 1,000 Swiss francs
* Siemens Gamesa Raised to Overweight at JPMorgan; PT 18 euros
* Tenaris Raised to Buy at Goldman; PT 7.60 euros
* Tenaris ADRs Raised to Buy at Goldman; PT $17
* Travis Perkins Raised to Buy at Peel Hunt
>>> Down
* Ashmore Cut to Sell at Berenberg; PT 331 pence
* Bodycote Cut to Sell at Goldman; PT 520 pence
* Kraft Heinz Cut to Sell at Goldman; PT $30
* Maersk Cut to Hold at NYKREDIT; PT 8,800 kroner
* Man Group Cut to Hold at Berenberg; PT cut from 160 to 148 pence
* Metall Zug Cut to Hold at MainFirst; PT 2,300 Swiss francs
* Siemens Cut to Hold at LBBW; PT 96 euros
* Vestas Cut to Hold at NYKREDIT; PT 700 kroner
>>> Initiation
* Nikola Rated New Neutral at JPMorgan; PT $45
* X5 Retail GDRs Rated New Overweight at Morgan Stanley; PT $40
>>> Call
* Ashmore Cut on Tough Outlook, Man Group Downgraded: Berenberg
* Fevertree’s U.S. Opportunity is Intact, RBC Raises to Outperform
* Royal Mail Estimates Cut on Costs Offsetting Parcel Volume: Citi