>>> Up
* AB Foods Raised to Add at Investec; PT 2,070 pence
* Akka Tech Raised to Neutral at Invest Securities SA (+)
* Arrow Global Raised to Reduce at Peel Hunt; PT 87 pence
* Aryzta Raised to Hold at Bank Vontobel; PT 0.80 Swiss francs
* Bakkavor Raised to Equal-Weight at Barclays; PT 72 pence
* Barratt Raised to Overweight at JPMorgan; PT 590 pence
* Equinor Raised to Outperform at RBC; PT 175 kroner
* Essentra Raised to Buy at Jefferies; PT 360 pence
* Fuchs Petrolub Raised to Buy at Commerzbank; PT 48 euros
* Galapagos Raised to Buy at KBC Securities; PT 144 euros (+)
* Gecina Raised to Buy at HSBC; PT 142 euros
* Rolls-Royce Raised to Buy at Berenberg; PT 270 pence
* Royal Mail Raised to Neutral at JPMorgan; PT 253.10 pence
* Steico PT Raised to 52 euros from 46 euros at M.M. Warburg (+)
* Team17 Raised to Buy at Panmure Gordon; PT 760 pence
* Travis Perkins Raised to Buy at Jefferies; PT 1,439 pence
* Ubisoft Raised to Buy at Jefferies; PT 86 euros
>>> Down
* Aurubis Cut to Underperform at Exane; PT 52 euros
* Demire Real Estate Cut to Reduce at Baader Helvea
* DS Smith Cut to Add at Peel Hunt; PT 330 pence
* Evonik Cut to Underperform at Credit Suisse; PT 22.50 euros (+)
* FinecoBank Cut to Hold at HSBC; PT 13.40 euros
* Next Fifteen Cut to Add at Peel Hunt; PT 530 pence (+)
* Siemens Gamesa Cut to Neutral at Credit Suisse; PT 23.40 euros (+)
* Stemmer Imaging Cut to Hold at Berenberg; PT 21.80 euros
* Vinci Cut to Hold at HSBC; PT 87 euros
>>> Initiation
* Aker Biomarine Rated New Buy at Pareto Securities (+)
* Avast Rated New Neutral at Citi; PT 550 pence
* Central Asia Metals Rated New Buy at Berenberg; PT 225 pence
* Deutsche Konsum REIT-AG Rated New Hold at Jefferies
* Evotec SE Rated New Buy at FMR Frankfurt Main; PT 29 euros
* Hamborner REIT Rated New Buy at Jefferies; PT 10.50 euros
* Kemira Rated New Buy at Berenberg; PT 13.80 euros
* SOITEC Reinstated Overweight at JPMorgan; PT 145 euros
>>> Call
* Aryzta Upgraded at Vontobel as Baker in Advanced Takeover Talks (+)
* Bayer CEO Contract Extension Unlikely to Boost Mood: Berenberg (+)
* Fuchs Petrolub May Profit From China, EV Demand: Commerzbank
* Kemira Margin Transformation Not Visible in Valuation: Berenberg
* LafargeHolcim’s Outlook ‘Encouraging’ After Rival’s Gain: ZKB (+)
* Equinor Well Placed for Energy Transition; RBC Ups to Outperform
* Rolls-Royce Stock Pricing-In Zero Recovery Potential: Berenberg
* Siemens Energy Offers Clear Value Creation Story: Deutsche Bank
* Tod’s PT, Estimates Cut at Citi on Shoemaker’s Bleak Prospects
* Travis Perkins a Buy on Toolstation’s Potential, Jefferies Says