>>> Up
* KPN Raised to Overweight at Morgan Stanley; PT 3.80 euros
>>> Down
* Alfen Cut to Hold at Berenberg; PT 110 euros
* Gofore Cut to Reduce at Inderes; PT 25.50 euros
* Hargreaves Lansdown Cut to Neutral at Credit Suisse
>>> Initiation
>>> Call
* Alfen Cut to Hold at Berenberg, Which Sees Catalysts Priced In
* Citi Strategists See Return of Bullish Flows After US Inflation