>>> Up
* Morgan Advanced Raised to Outperform at RBC; PT 330 pence
* Orsted Raised to Neutral at Citi; PT 579 kroner
* Orthex Raised to Accumulate at Inderes; PT 4.40 euros (+)
* Sinopec ADRs Raised to Neutral at Goldman; PT $51.02
>>> Down
* Avanza Downgraded to Sell at Citi on Weaker Savings Outlook
* Brenntag Cut to Equal-Weight at Barclays; PT 84 euros
* Covivio Cut to Neutral at Goldman; PT 50.50 euros
* Fielmann Cut to Hold at M.M. Warburg; PT 33 euros (+)
* Fuller Smith & Turner Cut to Sell at Panmure Gordon
* GEA Group Cut to Underperform at RBC; PT 28 euros
* ICADE Cut to Sell at Goldman; PT 32.50 euros
* Kloeckner Cut to Neutral at Oddo BHF; PT 8 euros (+)
* Maasoeval Cut to Hold at Fearnley; PT 32 kroner
* OCI Cut to Hold at Berenberg; PT 47 euros
* Restaurant Group Cut to Hold at Berenberg; PT 35 pence
* Ryanair Cut to Hold at Liberum; PT 11 euros (+)
* Schibsted Cut to Neutral at Goldman; PT 185.40 kroner
* Smiths Cut to Underperform at RBC; PT 1,600 pence
* Tullow Cut to Hold at Jefferies; PT 48 pence
* *VERBUND CUT TO HOLD VS BUY AT DEUTSCHE BANK, PT EU87
>>> Initiation
* Argenx ADRs Rated New Market Perform at Oppenheimer
* DEME Group New Buy at Jefferies on Growth From Energy Transition
* MYNA US Rated New Outperform at Credit Suisse; PT $10
* Porsche AG Rated New Buy at Berenberg; PT 96.80 euros
>>> Call
* Citi’s Buckland Says Overweight Financials, Tech, Healthcare
* GEA, Smiths Cut, Morgan Advanced Raised by RBC in Industrials
* Kloeckner Update Implies Up to 25% Cut to FY Ests.: Jefferies (+)
* Porsche New Buy at Berenberg on Brand Power, Electrification
* RBC Cuts S&P 500 Target, Earnings Citing Weak GDP Through 2023
* Restaurant Group Shares Not Cheap, Cut to Hold at Berenberg