TheChek News Flow

>>> Up

* Admiral PT Raised to 3,800 pence from 3,550 pence at RBC

* Babcock Raised to Buy at Berenberg

* CME Group Raised to Outperform at Raymond James; PT $287 (+)

* Elis Raised to Outperform From Mkt Perform by Bernstein, Target Raised to EUR27.50 From EUR23.90 by Bernstein

* Eurocommercial Raised to Buy at Berenberg
* Greencore Group Raised to Buy at HSBC; PT 230 pence

* Palfinger Raised to Buy at Hauck & Aufhaeuser; PT 33 euros (+)

* Pennon Raised to Buy at Citi; PT 497 pence

* Pepco Group Raised to Buy at Deutsche Bank; PT 20 zloty (+)

* Straumann Raised to Buy at Octavian; PT 140 Swiss francs

>>> Down

* Air France-KLM Cut to Market Perform at Bernstein (+)
* Alstom Cut to Neutral at Citi; PT 26 euros

* BAE Cut to Hold at Berenberg

* BT Cut to Underweight at Barclays; PT 150 pence

* Chemring Group Cut to Hold at Berenberg

* Emerson Electric Cut to Underweight at Barclays; PT $110

* Erste Cut to Neutral at Citi; PT 66 euros

* Galderma Cut to Sector Perform at RBC; PT 106 Swiss francs

* Holcim Cut to Neutral at Citi; PT 109 Swiss francs

* Marex Group Cut to Hold at HSBC; PT $36

* Neste Cut to Hold at Berenberg; PT 10 euros

* Reckitt Cut to Neutral at BofA (+)

* Tulikivi Cut to Sell at Inderes; PT 42 euro cents

>>> Initiation

* Adyen Reinstated Overweight at Cantor; PT 1,924 euros
* Fastighets AB Trianon Rated New Buy at Pareto Securities

* Nvidia Rated New Buy at Founder Securities

>>> Call

* Asia Stocks Attractive as Tariffs Hurt US Exceptionalism: Nomura
* Berenberg Lowers Neste to Hold on Decreased Profit Outlook Amid Tough Operating Conditions

* Equity Positioning Is Now Underweight: Deutsche Bank Strategists

* Galderma Upside Scope Relatively Limited, RBC Downgrades Rating

* Holcim Cut to Neutral at Citi, Value Seen Captured in Shares

* Morgan Stanley’s Wilson Sees Support for S&P 500 Around 5,500 (+)

* Pennon Risks Excessively Discounted, Raised to Buy at Citi (+)

* Reckitt Cut to Neutral at BofA as No Catalysts, Prefers Unilever (+)