TheChek News Flow

>>> Up

* Acerinox Raised to Neutral at JPMorgan; PT 16.10 euros

* Aperam Raised to Overweight at JPMorgan; PT 57 euros

* Coloplast Raised to Hold at ABG; PT 460 kroner

* Interroll Raised to Buy at Octavian; PT 1,832 Swiss francs

* Outokumpu Raised to Overweight at JPMorgan; PT 6.50 euros
* Saab Raised to Overweight at Barclays; PT 740 kronor

>>> Down

* Carl Zeiss Meditec Cut to Sell at UBS; PT 22.60 euros

* Femsa ADRs Cut to Neutral at Grupo Santander; PT $130

* Gap Cut to Equal-Weight at Barclays; PT $20

* Legal & General Cut to Sell at Goldman; PT 257 pence

* Legal & General Cut to Sell at UBS; PT 280 pence

* M&G Cut to Sell at UBS; PT 330 pence
* Relais Group Cut to Accumulate at Inderes; PT 17 euros

* Royal Unibrew Cut to Hold at ABG; PT 490 kroner

* Under Armour Cut to Underweight at Barclays; PT $5

* YPF ADRs Cut to Neutral at Bradesco BBI; PT $55

* Zegna Group Cut to Underperform at BNP Paribas; PT $12.20

>>> Initiation

* Axactor Reinstated Buy at Arctic Securities; PT 6.50 kroner

* Babcock Reinstated Overweight at Barclays; PT 1,380 pence

* BAE Rated New Sector Perform at RBC; PT 2,200 pence
* CSG NV Rated New Underweight at Barclays; PT 19 euros

* CSG NV Rated New Sector Perform at RBC; PT 18 euros

* Hugo Boss Rated New Buy at Berenberg; PT 50 euros

* Kongsberg Rated New Overweight at Barclays; PT 440 kroner

* Leonardo Rated New Outperform at RBC; PT 70 euros

* RENK Group Rated New Overweight at Barclays; PT 60 euros

* Rheinmetall Rated New Outperform at RBC; PT 1,600 euros

* Saab Rated New Sector Perform at RBC; PT 600 kronor

* Schneider Electric Reinstated Buy at William O'Neil

* Thales Rated New Outperform at RBC; PT 330 euros

* Valneva ADRs Rated New Buy at TD Cowen; PT $12

>>> Call
* European Defense Stocks Get Upbeat New Coverage at RBC, Barclays