>>> Up
* Croda Raised to Buy at Jefferies; PT 8,200 pence
* DNO Raised to Buy at DNB Markets; PT 16 kroner (+)
* DSM Raised to Buy at Jefferies; PT 150 euros
* Enagas Raised to Neutral at JB Capital Markets; PT 17.40 euros (+)
* Gamma Communications Raised to Hold at Jefferies; PT 1,300 pence
* Intertek Raised to Buy at Numis; PT 5,000 pence
* JDE Peet's Raised to Neutral at Exane; PT 32 euros (+)
* Krones Raised to Outperform at Oddo BHF; PT 123 euros
* Merck & Co Raised to Buy at Berenberg; PT $100
* Pernod Ricard Raised to Buy at HSBC; PT 212 euros
* Schneider Electric Raised to Buy at Deutsche Bank; PT 145 euros
* Schibsted Raised to Overweight at Morgan Stanley; PT 280 kroner
>>> Down
* Abrdn plc Cut to Sell at Deutsche Bank; PT 135 pence
* Auto Trader Cut to Equal-Weight at Morgan Stanley; PT 682 pence
* Bristol-Myers Cut to Hold at Berenberg; PT $76
* EasyJet Cut to Sell at Stifel; PT 300 pence
* Getinge Cut to Hold at ABG; PT 200 kronor (+)
* IAG Cut to Sell at Stifel; PT 86.70 pence
* Kion Cut to Neutral at Oddo BHF; PT 39 euros (+)
* Kion Cut to Neutral at Exane; PT 35 euros (+)
* Legrand Cut to Underperform at Jefferies; PT 65 euros
* L'Oreal Cut to Neutral at Exane; PT 380 euros (+)
* Lufthansa Cut to Hold at Stifel; PT 6 euros
* Nestle Cut to Neutral at Exane; PT 119 Swiss francs (+)
* Novartis Cut to Hold at Berenberg; PT 80 Swiss francs
* Novozymes Cut to Hold at Jefferies; PT 450 kroner
* Novozymes ADRs Cut to Hold at Jefferies; PT $69
* Ocado Cut to Underperform at Credit Suisse; PT 590 pence (+)
* Remy Cointreau Cut to Hold at HSBC; PT 196 euros
* Ryanair Cut to Sell at Stifel; PT 10 euros
* Thule Cut to Hold at Pareto Securities; PT 230 kronor (+)
* Zurich Airport Cut to Hold at Stifel; PT 170 Swiss francs
>>> Initiation
* Allgeier Rated New Buy at Berenberg; PT 42 euros
* Chr. Hansen Rated New Underperform at Jefferies; PT 380 kroner
* Invinity Energy Systems Rated New Buy at Arden Partners (+)
* Kerry Group Rated New Hold at Jefferies; PT 105 euros
* Ratos Rated New Buy at Nordea; PT 63 kronor
* Sika Rated New Outperform at Oddo BHF; PT 270 Swiss francs
* Treatt Rated New Buy at Jefferies; PT 750 pence
>>> Call
* Bernstein Quants See More US Stock Losses After Inflation Shock (+)
* Citi Warns Against Chemicals, Citing Negative Earnings Momentum (+)
* DSM Up to Buy at Jefferies on ‘Significant’ Financial Headroom (+)
* Dunelm’s Current Performance is ‘Resilient,’ Peel Hunt Says (+)
* Inditex Earnings Show Retailer In a Class of Its Own: Jefferies
* Kion Warns on 3Q; Citi Says Lack of Higher Costs Is Main Issue (+)
* Legrand Falls; Jefferies Sees Weakening Market as Rates Rise (+)