>>> Up
* Biotage Raised to Buy at Nordea; PT 200 kronor
* Byggfakta Group Nordic Holdco Raised to Overweight at Barclays
* Carlsberg Raised to Hold at Berenberg; PT 835 kroner
* Deutsche Bank Raised to Hold at Berenberg; PT 11 euros
* Nestle Raised to Outperform at Exane; PT 135 Swiss francs
* PGS Raised to Neutral at SpareBank; PT 1.80 kroner
* Reckitt Raised to Neutral at Exane; PT 6,100 pence
* Remy Cointreau Raised to Outperform at Exane; PT 205 euros
* SMCP Raised to Neutral at Goldman; PT 8.30 euros
* Subsea 7 Raised to Buy at SpareBank; PT 90 kroner
* Titanium Raised to Buy at Inderes; PT 16 euros
* UMG Raised to Overweight at Barclays; PT 24 euros
* Unilever Raised to Market Perform at Bernstein
* Wolters Kluwer Raised to Overweight at Barclays; PT 110 euros
>>> Down
* Atresmedia Cut to Underweight at Barclays; PT 3.50 euros
* BBVA Cut to Neutral at JPMorgan; PT 6.20 euros
* Chevron Cut to Equal-Weight at Morgan Stanley; PT $166
* Coca-Cola HBC Cut to Neutral at JPMorgan; PT 1,900 pence
* Credit Agricole Cut to Neutral at JPMorgan; PT 12.50 euros
* Fevertree Drinks Cut to Neutral at Exane; PT 1,870 pence
* Hella Cut to Hold at Jefferies; PT 60 euros
* Interpublic Cut to Equal-Weight at Barclays; PT $42
* K+S Cut to Hold at Berenberg; PT 22 euros
* Nordea Bank Cut to Reduce at AlphaValue/Baader
* Occidental Cut to Equal-Weight at Morgan Stanley; PT $52
* Omnicom Cut to Equal-Weight at Barclays; PT $90
* Publicis Cut to Equal-Weight at Barclays; PT 65 euros
* Reckitt Cut to Underperform at Bernstein; PT 5,300 pence
* Stroeer Cut to Underweight at Barclays; PT 65 euros
* Umanis Cut to Hold at Gilbert Dupont; PT 17.20 euros
* UniCredit Cut to Neutral at JPMorgan; PT 12 euros
* Wizz Air PT Cut to 2,300 pence from 3,500 pence at Citi
* WPP Cut to Equal-Weight at Barclays; PT 1,250 pence
>>> Initiation
* Bayer Reinstated Buy at Jefferies; PT 64 euros
* Constellation Energy Rated New Buy at Goldman; PT $62
* Peloton Rated New Equal-Weight at Morgan Stanley; PT $32
>>> Call
* Bayer a Buy at Jefferies on Valuation, Improving Fundamentals
* Belimo’s Strong Growth Seen to Continue, Morgan Stanley Upgrades
* Deutsche Bank Upgraded at Berenberg With Concerns Priced In
* Glaxo Most Exposed to Inflation Impact in EU Pharma: Intron
* Westwing PT, Estimates Cut at Jefferies Due to Macro Headwinds