Novo Nordisk ( NVO ) is raised to buy from neutral at Swedbank AB, citing a number of phase-three treatment studies that will help it expand its product offering in the next six to 18 months. Deutsche Bank ( DB ) is cut to equal weight from overweight at Barclays. Inflation in the euro zone dropped to 0.7% in January from 0.8% in December, falling short of estimates and hitting the lowest level since October.