Ratings of the day 27.04.2017

UPGRADES:

* Alfa Laval raised to reduce at AlphaValue
* Atlas Copco raised to hold at Liberum, PT SEK345
* Bauer raised to buy at Bankhaus Lampe, PT EU22
* DNB raised to buy at Norne Securities, PT NOK154
* Deutz raised to buy at M.M. Warburg, PT EU7.70
* Fresenius SE raised to add at AlphaValue
* Getinge raised to hold at Kepler Cheuvreux, PT SEK178
* Henkel raised to outperform at RBC, PT EU132
* Italgas raised to buy at Banca Akros, PT EU4.85
* Microwave Vision raised to buy at Gilbert Dupont
* Santander raised to market perform at KBW, PT EU5
* Swatch raised to outperform at Macquarie, PT CHF455
* Volvo raised to equal-weight at Barclays, PT SEK133
* Volvo raised to reduce at AlphaValue


DOWNGRADES:

* ACEA cut to hold at Kepler Cheuvreux, PT EU13.50
* Air Liquide cut to hold at HSBC, PT EU114
* Aixtron cut to sell at M.M. Warburg, PT EU4
* Assa Abloy cut to hold at Pareto Securities
* Assa Abloy cut to hold at SEB Equities, PT SEK195
* BIC cut to neutral at Natixis
* BIC cut to reduce at Kepler Cheuvreux, PT EU105
* Dassault Systemes cut to hold at HSBC, PT EU85
* Engie cut to equal-weight at Morgan Stanley, PT EU14
* Indutrade cut to hold at SEB Equities, PT SEK206
* Intesa cut to neutral at Banca Akros
* Ipsen cut to hold at Portzamparc
* Kindred cut to hold at SEB Equities, PT SEK95
* Leonardo cut to neutral at Goldman, PT EU16.20
* Mithra Pharmaceuticals cut to hold at ING
* Ringkjoebing Landbobank cut to hold at ABG, PT DKK1,660
* Symrise cut to hold at Bankhaus Lampe, PT EU68
* Tokmanni Group cut to hold at Carnegie, PT EU10.50
* Valeo cut to hold at Aurel BGC, PT EU66
* va-Q-tec cut to neutral at Equinet


INITIATIONS:

* Aixtron reinstated buy at Deutsche Bank, PT EU8
* Aviva New Outperform at Credit Suisse
* FACC New Buy at Hauck & Aufhaeuser, PT EU9.60
* Global Dominion Access New Buy at Intermoney Valores, PT
EU4.60
* International Petroleum Corp/Sweden New Buy at Jefferies
* International Petroleum Corp/Sweden New Overweight at
Barclays
* JRP Group New Neutral at Credit Suisse, PT 135p
* Just Retirement Holdings New Neutral at Credit Suisse
* Legal & General New Underperform at Credit Suisse
* Marine Harvest New Outperform at Exane, PT NOK165
* Prudential New Outperform at Credit Suisse
* St James’s Place New Outperform at Credit Suisse