Ratings of the day 13.04.2017

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UPGRADES:
• AB Foods raised to buy at Jefferies
• Aberdeen raised to buy at BofAML
• Bekaert raised to buy at Kepler Cheuvreux
• Dassault Aviation raised to outperform at Credit Suisse
• Leonardo raised to buy at Oddo & Cie
• Pan African Resources raised to buy at Nedgroup Securities
• Standard Life raised to buy at BofAML
DOWNGRADES:
• Aeroporto Guglielmo Marconi Di Bologna cut to sell at Banca IMI
• Ascential cut to hold at Peel Hunt
• ForFarmers cut to hold at Kepler Cheuvreux
• H&M cut to add at AlphaValue
• Ingenico Group cut to neutral at BofAML, PT EU89
• MGI Coutier cut to add at Gilbert Dupont
• Motor Oil Hellas cut to neutral at Goldman
• Software AG cut to sell at Equinet
INITIATIONS:
• ASR Nederland New Equal-weight at Morgan Stanley, PT EU29.20
• Entertainment One New Outperform at RBC, PT 290p
• Lundbeck New Reduce at Kepler Cheuvreux, PT DKK280