>>> Up
* Alfa Laval PT Raised to 550 kronor from 540 kronor at RBC
* Alfa Laval PT Raised to 570 kronor at Danske Bank Markets (+)
* ArcelorMittal Raised to Outperform from Neutral, PT 54 Euros at Oddo
* Clarkson PT Raised to 4,750 pence from 4,250 pence at Berenberg
* CNH Industrial Raised to Buy at Goldman; PT $13
* Diploma PT Raised to 6,600 pence from 6,350 pence at Berenberg
* EDP SA Raised to Buy at JB Capital Markets; PT 4.50 euros
* EDP Renovaveis Raised to Buy at JB Capital Markets
* Elisa Price Target Cut to EUR 39 from EUR 43 by SEB
* EMS-Chemie Raised to Buy at UBS; PT 720 Swiss francs
* Eramet Raised to Neutral from UnderPerform, PT 76 Euros at Oddo
* EssilorLuxottica Raised to Buy at HSBC; PT 340 euros
* Fabrinet Raised to Overweight at Barclays; PT $537
* Fevertree Drinks Raised to Neutral at BofA (+)
* Fresnillo PT Raised to 4,600 pence from 4,000 pence at Citi
* Hyatt Raised to Buy at Goldman; PT $198
* IAG Raised to Outperform at Davy; PT 525 pence (+)
* Iberdrola Raised to Buy at JB Capital Markets; PT 20.40 euros
* Julius Baer PT Raised to 75 Swiss francs at JPMorgan
* Kuehne + Nagel Raised to Buy at Goldman; PT 210 Swiss francs
* Royal Unibrew Raised to Buy at BofA (+)
* STMicro Raised to Buy at Equita; PT 30 euros
* STMicro Raised to Buy at Equita; PT 30 euros
* Telia Raised to Buy at Citi; PT 44 kronor
* Vicat Raised to Outperform from Neutral, PT 103 Euros at Oddo
>>> Down
>>> Down
* Air France-KLM Cut to Underweight at Barclays; PT 9.90 euros
* Air France-KLM Cut to Neutral at Davy (+)
* Aperam Cut to Neutral from Outperform, PT 37 Euros at Oddo
* Autoneum Cut to Neutral at UBS; PT 175 Swiss francs
* Bytes Technology Cut to Hold at Jefferies; PT 400 pence
* Deutsche Post Cut to Neutral at Goldman; PT 51 euros
* Fiskars Cut to Hold at SEB Equities; PT 13 euros
* Gjensidige Cut to Equal-Weight at Barclays (+)
* Hiab Cut to Hold at SEB Equities; PT 53 euros
* Jet2 Cut to Neutral at Davy (+)
* Kid ASA Price Target Cut to NOK 165 from NOK 180 by SEB
* Lufthansa Cut to Underweight at Barclays; PT 7.80 euros
* Maersk Cut to Sell at Goldman; PT 13,000 kroner
* Netcompany Cut to Hold at SEB Equities; PT 365 kroner
* Netcompany Cut to Hold at SEB Equities; PT 365 kroner
* Nordex Cut to Hold at Kepler Cheuvreux (+)
* Oriola Cut to Reduce at Inderes; PT 1.25 euros
* Reckitt Cut to Sector Perform at RBC; PT 6,200 pence
* Rivian Cut to Sell at UBS; PT $15
* TF1 Cut to Neutral from Outperform , PT 11 Euros at Oddo
* Tryg Cut to Equal-Weight at Barclays (+)
>>> Initiation
* Airbus Rated New Buy at William O'Neil
* Alm Brand Rated New Overweight at Barclays; PT 24 kroner
* Axfood Rated New Buy at SB1 Markets; PT 335 kronor
* Axfood Rated New Buy at SB1 Markets; PT 335 kronor
* D'Ieteren Rated New Buy at Berenberg; PT 224 euros
* Framery Group Rated New Buy at SEB Equities; PT 11 euros
* GEK TERNA SA Rated New Outperform at Grupo Santander
* Power Probe Rated New Corporate at Shore Capital
* Reckitt Resumed Buy at Citi; PT 7,000 pence
* Strix Reinstated Buy at Stifel; PT 75 pence (+)
* SK hynix Inc GDRs Rated New Overweight at Barclays
* X-Fab Silicon Foundries Rated New Market Perform at Bernstein
>>> Call
>>> Call
* Autoneum Cut to Neutral at UBS on Limited Volume Growth (+)
* D’Ieteren Initiated Buy at Berenberg on Long-Term Value Creation
* Fresnillo PT Lifted to Street-High at Citi on Cash Generation
* Fresnillo PT Lifted to Street-High at Citi on Cash Generation
* Hays Exit Rate Shows No Signs of Improvement, Says Jefferies (+)
* Kuehne + Nagel Double Upgraded at Goldman, DHL, Maersk Cut (+)
* SocGen Target Boosted at Jefferies on Higher Profitability